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Water Infrastructure Funding: New Corporate Tax, Lead Pipe Replacement, and Equity

This Act establishes the WATER Trust Fund, financed by increasing the corporate tax rate (from 21% to 24.5%), to provide stable funding for modernizing water and sewer infrastructure nationwide. Citizens can expect significant improvements in drinking water quality, including programs for replacing lead service lines and addressing PFAS contamination, as well as new grants for repairing private wells and septic systems. The Act also mandates a study on water service affordability, disconnections, and discrimination in access to water services.
Key points
A corporate tax increase will fund the Trust Fund, providing up to $34.85 billion annually for clean water and safe drinking water investments.
Significant funding allocated for replacing lead service lines on private property and combating PFAS contamination in drinking water.
New grant programs established for homeowners to repair or upgrade private septic systems and household water wells.
Requires the use of American materials in infrastructure projects and promotes the use of Project Labor Agreements (PLAs) to ensure labor standards.
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Additional Information
Print number: 117_HR_1352
Sponsor: Rep. Lawrence, Brenda L. [D-MI-14]
Process start date: 2021-02-25