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Water Projects: Payment and Performance Security for Subcontractors and Taxpayers

This act introduces new financial security rules for federally funded water infrastructure projects. Its aim is to ensure that subcontractors are paid and work is completed as agreed, protecting taxpayer money and ensuring project stability.
Key points
Requires payment and performance security for all federally supported water projects.
Ensures subcontractors and suppliers in water projects are protected against non-payment.
Strengthens taxpayer protection by minimizing risks of uncompleted or failed projects.
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Status: Introduced
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Additional Information
Print number: 119_HR_1285
Sponsor: Rep. Bost, Mike [R-IL-12]
Process start date: 2025-02-13