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H.R. 2979 · 117th Congress

To amend the Water Infrastructure Finance and Innovation Act of 2014 with respect to the final maturity date…

Full title

To amend the Water Infrastructure Finance and Innovation Act of 2014 with respect to the final maturity date of certain loans, and for other purposes.

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

3 cosponsors · 1 D, 2 R

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

This bill allows certain federal water infrastructure loans to have maturity dates of up to 55 years.

What it does: CRS summary · Introduced in House · May 4, 2021

This bill allows certain federal water infrastructure loans to have maturity dates of up to 55 years.

For a secured loan for a water infrastructure project with a useful life of more than 35 years, the final maturity date of the loan shall be no later than the earlier of (1) 55 years after the project's substantial completion, or (2) the useful life of the project. Currently, the latest possible maturity date for this type of loan is 35 years from the project's substantial completion.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: To amend the Water Infrastructure Finance and Innovation Act of 2014 with respect to the final maturity date of certain loans, and for other purposes.

Latest action (May 5, 2021): Referred to the Subcommittee on Environment and Climate Change.

Policy area: Water Resources Development · Origin: House · Introduced: May 4, 2021

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.