S 726
118th Congress
Senate
Taxation
Financing Lead Out of Water Act of 2023
Introduced: March 9, 2023
Introduced by:
Bennet, Michael F.
Democratic
· Colorado
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 9, 2023
Read twice and referred to the Committee on Finance.
Mar 9, 2023
Introduced in Senate
Plain-English summary
Financing Lead Out of Water Act of 2023
This bill allows the issuance of tax-exempt private activity bonds to finance the replacement of any privately-owned portion of a lead service line in a public water system. Specifically, the bill provides that the use of proceeds from such bonds for replacement of a lead service line does not constitute private business use.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1