What is the official ID of this bill?

The official print number for this legislation is S 726.

When did the legislative process begin?

The process officially started on 2023-03-09.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/118/bills/s726/BILLS-118s726is.htm

Is this summary verified?

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

Who is the primary sponsor?

The primary sponsor is Sen. Bennet, Michael F. [D-CO].

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Analysis and Potential Impact of S 726

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Tax relief for bonds funding private lead water pipe replacement.

Q: What are the main provisions?

Key points include: Tax changes: Using bond proceeds to replace privately-owned lead service lines will not be classified as 'private business use' for tax purposes. Citizen benefit: Easier financing enables faster replacement of hazardous lead pipes, improving drinking water quality and public health. Applies to obligations issued after December 31, 2023.

This Act modifies tax rules for bonds to facilitate the financing of lead service line replacement projects, including those on private property. By clarifying that this use is not considered 'private business use,' public water systems can more easily raise funds to remove lead from drinking water. This change is crucial for meeting national lead safety standards and directly improving public health and water quality for citizens.

Key points

Tax changes: Using bond proceeds to replace privately-owned lead service lines will not be classified as 'private business use' for tax purposes.

Citizen benefit: Easier financing enables faster replacement of hazardous lead pipes, improving drinking water quality and public health.

Applies to obligations issued after December 31, 2023.

article Official text account_balance Process page notifications_active Track this Bill

gavel

Status:

Expired

Record your position for audit.

Why does your vote on bills matter?

It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.

Additional Information

Financing Lead Out of Water Act of 2023

Print number: S 726

Sponsor: Sen. Bennet, Michael F. [D-CO]

Process start date: 2023-03-09

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-flash-latest

Source data: api.congress.gov

AI work logs for this document launch

Tax relief for bonds funding private lead water pipe replacement.

Key Questions about Tax relief for bonds funding private lead water pipe replacement.