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Extended Loan Terms for Water Infrastructure Projects

This bill modifies the financing rules for water projects, extending the maximum repayment period for certain loans up to 55 years. This makes it easier for local governments and other entities to secure funding for building and upgrading water infrastructure, leading to better access to clean water and more efficient water resource management for citizens.
Key points
Extends the loan repayment period for water projects to 55 years for long-life investments.
Facilitates financing for large water infrastructure projects, potentially improving water and sanitation services.
Changes apply to new applications for financial assistance submitted after the bill's enactment.
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Expired
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Additional Information
Print number: 117_HR_2979
Sponsor: Rep. Garamendi, John [D-CA-3]
Process start date: 2021-05-04
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL 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.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2979.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-04.

What are the main provisions?

Key points include:

  • Extends the loan repayment period for water projects to 55 years for long-life investments.
  • Facilitates financing for large water infrastructure projects, potentially improving water and sanitation services.
  • Changes apply to new applications for financial assistance submitted after the bill's enactment.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Garamendi, John [D-CA-3].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Environment and Climate Change.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Public Investments Environment