,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #dijb  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,janu>y #cj1 #bjah,mr4
 ,katko 7= himself & ,mr4 ,blum5au]7    
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,transportation &      
,infra/ructure1 & 9 addition to !       
,committee on ,en]gy & ,comm]ce1 = a    
p]iod to be subsequ5tly det]m9$ by !    
,speak]1 9 ea* case = consid]ation ( su*
 provisions z fall )9 ! jurisdiction ( !
 committee conc]n$  ,a ,,bill  ,to am5d 
! ,wat] ,infra/ructure ,f9ance &        
,innovation ,act ( #bjad to provide to  
,/ate infra/ructure f9anc+ au?orities   
additional opportunities to receive     
loans "u t ,act to support dr9k+ wat] & 
clean wat] ,/ate revolv+ funds to deliv]
 wat] infra/ructure to communities      
across ! ,unit$ ,/ates1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,secur+ ,requir$ ,fund+ =  
,wat] ,infra/ructure ,n[ ,act or ! ,,srf
 ,,w9 ,act4  #b4 ,innovative f9anc+ =   
,/ate loan funds  7a7 ,9 g5]al ,! ,wat] 

,infra/ructure ,f9ance & ,innovation    
,act ( #bjad 7#cc ,u4,s4,c4 #cija et    
seq47 is am5d$ by add+ at ! end !       
foll[+3  #ejcf4 ,innovative f9anc+ =    
,/ate loan funds  7a7 ,def9ition ( ,/ate
 loan funds ,9 ?is section1 ! t]m ,/ate 
loan funds means-- 7#a7 ,/ate dr9k+ wat]
 treatm5t revolv+ loan funds e/abli%$ "u
 section #adeb ( ! ,safe ,dr9k+ ,wat]   
,act 7#db ,u4,s4,c4 #cjj;j-#ab72 &  7#b7
 ,/ate wat] pollution control revolv+   
funds e/abli%$ "u title ,,vi ( ! ,f$]al 
,wat] ,pollution ,control ,act 7#cc     
,u4,s4,c4 #acha et seq474  7b7 ,f9ancial
 assi/ance to ,/ate loan funds ,!       
,adm9i/rator may provide f9ancial       
assi/ance "u ?is section to ,/ate       
infra/ructure f9anc+ au?orities = ,/ate 
loan funds to c>ry out wat] & wa/ewat]  
infra/ructure projects 9 accordance )   
?is section4  7c7 ,eligible activities  
7#a7 ,9 g5]al ,! foll[+ activities may  
be c>ri$ out by a ,/ate infra/ructure   
f9anc+ au?ority ) f9ancial assi/ance    
made available "u ?is section3  7,a7 ,"o

 or m activities t are includ$ 9 !      
int5d$ use plan "u section #fjf7;c7 ( ! 
,f$]al ,wat] ,pollution ,control ,act   
7#cc ,u4,s4,c4 #achf7;c774  7,b7 ,"o or 
m activities t are includ$ 9 ! project  
priority li/ ( ! int5d$ use plan "u     
section #adeb7;b7 ( ! ,safe ,dr9k+ ,wat]
 ,act 7#db ,u4,s4,c4 #cjj;j-#ab7;b774   
7#b7 ,adm9i/rative co/s ,f9ancial       
assi/ance provid$ "u ?is section may be 
us$ to pay ! reasonable co/s (          
adm9i/ration relat$ to t f9ancial       
assi/ance4  7#c7 ,application fees      
,section #ejbi7;b77#g7 %all n apply to  
f9ancial assi/ance made available "u ?is
 section4  7#d7 ,treatm5t ( projects ,9 
det]m9+ :e!r to provide f9ancial        
assi/ance "u ?is section1 ! ,adm9i/rator
 %all consid] a project to be all ( !   
activities includ$ 9 an int5d$ use plan 
describ$ 9 subp>agraph 7,a7 or 7,b7 (   
p>agraph 7#a74  7#e7 ,/ate & local      
decisionmak+ ,a ,/ate infra/ructure     
f9anc+ au?ority t receives f9ancial     
assi/ance "u ?is section may use !      

assi/ance = any activity includ$ 9 an   
int5d$ use plan describ$ 9 subp>agraph  
7,a7 or 7,b7 ( p>agraph 7#a74  7d7      
,requirem5ts  7#a7 ,9 g5]al ,except z   
o!rwise provid$ 9 ?is section1 !        
requirem5ts & proc$ures "u ?is subtitle 
%all apply to a project "u ?is section4 
7#b7 ,int]e/ rate  7,a7 ,9 g5]al ,except
 z provid$ 9 subp>agraph 7,b71 ! int]e/ 
rate on a secur$ loan provid$ "u ?is    
section %all be equal to ! yield on     
,unit$ ,/ates ,treasury securities ( a  
simil> maturity to ! maturity ( ! secur$
 loan on ! date ( execution ( ! loan    
agreem5t4  7,b7 ,c]ta9 ,/ates  7i7 ,9   
g5]al ,9 ! case ( a ,/ate describ$ 9    
clause 7ii7-- 7,i7 ! int]e/ rate on a   
secur$ loan provid$ "u ?is section %all 
be #hj p]c5t ( ! int]e/ rate "u         
subp>agraph 7,a72 b  7,,ii7 if !re is n 
suffici5t dem& = loans "u ?is           
subp>agraph 7z det]m9$ by !             
,adm9i/rator71 ! ,adm9i/rator may       
provide a secur$ loan at an int]e/ rate 
t is n less ?an #ej p]c5t & n m ?an #hj 

p]c5t ( ! int]e/ rate "u subp>agraph    
7,a71 z det]m9$ by ! ,adm9i/rator )     
respect to ea* loan4  7ii7 ,/ates       
describ$ ,a ,/ate ref]r$ to 9 clause 7i7
 is a ,/ate-- 7,i7 t receiv$ less ?an #b
 p]c5t ( ! total am\nt ( funds made     
available to ,/ates = ! ,/ate loan funds
 = ! mo/ rec5t fiscal ye> = :i* data is 
available2 or  7,,ii7 = :i* ! ,presid5t 
has decl>$ a major disa/] 9 accordance )
 section #dja ( ! ,rob]t ,t4 ,/af=d     
,disa/] ,relief & ,em]g5cy ,assi/ance   
,act 7#db ,u4,s4,c4 #eagj7 dur+ ! p]iod 
beg9n+ on ,janu>y #a1 #bjag1 & end+ on !
 date ( enactm5t ( ?is section1 if !    
secur$ loan is = a project relat$ to    
wa/ewat] or dr9k+ wat] infra/ructure    
damag$ by ! major disa/]4  7,c7         
,di/ribution ( loans  7i7 ,9 g5]al      
,except z provid$ 9 clause 7ii71 ( !    
total am\nt ( funds made available to   
provide secur$ loans "u ?is section--   
7,i7 #ej p]c5t %all be provid$ = secur$ 
loans at ! int]e/ rate describ$ 9       
subp>agraph 7,a72 &  7,,ii7 #ej p]c5t   

%all be provid$ = secur$ loans at !     
int]e/ rate describ$ 9 subp>agraph      
7,b77i7 to ,/ates describ$ 9 subp>agraph
 7,b77ii74  7ii7 ,reallocation ,= any   
fiscal ye>1 if am\nts = loans describ$ 9
 clause 7i77,,ii7 rema9 available1 !    
,adm9i/rator may reallocate ! am\nts to 
be us$ = loans describ$ 9 clause 7i77,i7
 to meet applicant dem&4  7#c7 ,c]ta9   
,/ate reviews  7,a7 ,9 g5]al ,a project 
"u ?is section %all comply ) any        
applicable ,/ate environm5tal or eng9e]+
 review requirem5ts pursuant to1 z      
applicable--  7i7 title ,,vi ( ! ,f$]al 
,wat] ,pollution ,control ,act 7#cc     
,u4,s4,c4 #acha et seq472  7ii7 section 
#adeb ( ! ,safe ,dr9k+ ,wat] ,act 7#db  
,u4,s4,c4 #cjj;j-#ab72  7iii7 section   
#ce4cadj ( title #dj1 ,code ( ,f$]al    
,regulations 7or successor regulations72
 &  7iv7 section #ce4cehj ( title #dj1  
,code ( ,f$]al ,regulations 7or         
successor regulations74  7,b7 ,no new   
reviews requir$ ,no?+ 9 ?is section     
requires any additional or new          

environm5tal or eng9e]+ review = a      
project "u ?is section o!r ?an any      
requirem5t o!rwise applicable to !      
project4  7#d7 ,f$]al %>e ,not)/&+      
section #ejbi7;b77#i71 f9ancial         
assi/ance = a project "u ?is section may
 be us$ to pay up to #ajj p]c5t ( ! co/s
 ( ! project4  7#e7 ,total am\nt p]     
,/ate ,f9ancial assi/ance "u ?is section
 %all be us$ to support loans 9 an am\nt
 n to exce$ #g1jjj1jjj1jjj p] ,/ate = ! 
p]iod ( fiscal ye>s #bjai ?r\gh #bjbc4  
7e7 ,exp$it$ review ( applications ,n   
lat] ?an #ahj days aft] ! date on :i* ! 
,adm9i/rator receives a complete        
application = a project "u ?is section1 
! ,adm9i/rator %all1 ?r\gh a writt5     
notice to ! ,/ate infra/ructure f9anc+  
au?ority--  7#a7 approve ! application2 
or  7#b7 d5y ! application & provide an 
explanation z to :y ! application 0     
d5i$4  7f7 ,fund+  7#a7 ,au?orization ( 
appropriations  7,a7 ,9 g5]al ,!re is   
au?oriz$ to be appropriat$ to !         
,adm9i/rator to c>ry out ?is section    

#bjj1jjj1jjj = ea* ( fiscal ye>s #bjai  
?r\gh #bjbc1 to rema9 available until   
exp5d$4  7,b7 ,s5se ( ,congress ,x is ! 
s5se ( ,congress t ! am\nts au?oriz$ to 
be appropriat$ to c>ry out ?is section w
 support1 = ea* fiscal ye>--  7i7       
#aj1jjj1jjj1jjj 9 secur$ loans at !     
int]e/ rate describ$ 9 subsection       
7d77#b77;,a72 &  7ii7 #hej1jjj1jjj 9    
secur$ loans at ! int]e/ rate describ$ 9
 subsection 7d77#b77;,b77i74  7#b7      
,adm9i/rative co/s  7,a7 ,9 g5]al ,( !  
funds made available to c>ry out ?is    
section1 ! ,adm9i/rator may use = !     
adm9i/ration ( ?is section1 includ+ = ! 
provision ( te*nical assi/ance to aid   
,/ate infra/ructure f9anc+ au?orities 9 
obta9+ ! necess>y approvals = eligible  
activities1 n m ?an #e1jjj1jjj = ea* (  
fiscal ye>s #bjai ?r\gh #bjbc4  7,b7    
,fee waiv]s  7i7 ,9 g5]al ,( ! funds    
made available to c>ry out ?is section1 
! ,adm9i/rator may use = co/s relat$ to 
process+ & review+ applications1 includ+
 und]writ+1 su* am\nts z are necess>y = 

ea* ( fiscal ye>s #bjai ?r\gh #bjbc1 to 
rema9 available until exp5d$4  7ii7 ,o!r
 fees ,! funds "u clause 7i7 %all be us$
 9 lieu ( fees collect$ "u section      
#ejcj7;b74  7#c7 ,no impact on o!r      
,f$]al fund+ ,no funds %all be made     
available to c>ry out ?is section if--  
7,a7 ! total am\nt made available = a   
fiscal ye> = ! ,/ate loan funds is less 
?an ! total am\nt made available = ^?   
funds = fiscal ye> #bjah2 or  7,b7 !    
am\nt made available = a fiscal ye> =   
assi/ance "u ?is subtitle 7o!r ?an ?is  
section7 is less ?an ! am\nt made       
available = t assi/ance = fiscal ye>    
#bjah4  7g7 ,di/ribution & allotm5t (   
funds  7#a7 ,di/ribution ( funds ,9     
det]m9+ ! di/ribution ( funds betwe5 !  
,/ate loan funds1 ! ,adm9i/rator %all-- 
7,a7 provide f9ancial assi/ance bas$ on 
ne$2 &  7,b7 give equal consid]ation to 
dr9k+ wat] projects & wa/ewat] projects4
  7#b7 ,selection ,not)/&+ section      
#ejbh7;b71 9 provid+ f9ancial assi/ance 
"u ?is section1 ! ,adm9i/rator %all     

select projects bas$ on ne$1 z det]m9$  
by ! ,adm9i/rator4  7h7 ,sunset ,!      
au?ority to provide assi/ance "u ?is    
section %all t]m9ate on ,septemb] #cj1  
#bjbc4  4  7b7 ,fund+ ,section #ejcc ( !
 ,wat] ,infra/ructure ,f9ance &         
,innovation ,act ( #bjad 7#cc ,u4,s4,c4 
#ciab7 is am5d$ by ins]t+ 7o!r ?an      
section #ejcf7 aft] ?is subtitle ea*    
place x appe>s4  7c7 ,removal ( pilot   
designation  7#a7 ,subtitle ,c ( title  
,v ( ! ,wat] ,res\rces ,re=m &          
,developm5t ,act ( #bjad 7#cc ,u4,s4,c4 
#cija et seq47 is am5d$ by /rik+ !      
subtitle designation & head+ & ins]t+ ! 
foll[+3  ,c ,innovative f9anc+ projects 
4  7#b7 ,section #ejbc ( ! ,wat]        
,infra/ructure ,f9ance & ,innovation    
,act ( #bjad 7#cc ,u4,s4,c4 #cijb7 is   
am5d$ by /rik+ pilot ea* place x appe>s4
  7#c7 ,section #ejcd ( ! ,wat]         
,infra/ructure ,f9ance & ,innovation    
,act ( #bjad 7#cc ,u4,s4,c4 #ciac7 is   
am5d$ by /rik+ ! section designation &  
head+ & ins]t+ ! foll[+3  #ejcd4        

,reports on program implem5tation  4    
7#d7 ,! table ( cont5ts = ! ,wat]       
,res\rces ,re=m & ,developm5t ,act (    
#bjad 7,public ,law #aac-aba2 #abh ,/at4
 #aaie7 is am5d$--  7,a7 by /rik+ ! item
 relat+ to subtitle ,c ( title ,v &     
ins]t+ ! foll[+3  ,subtitle             
,c--,innovative ,f9anc+ ,projects  2    
7,b7 by /rik+ ! item relat+ to section  
#ejcd & ins]t+ ! foll[+3  ,sec4 #ejcd4  
,reports on program implem5tation4  2  &
  7,c7 by ins]t+ aft] ! item relat+ to  
section #ejce ! foll[+3  ,sec4 #ejcf4   
,innovative f9anc+ = ,/ate loan funds4  
4