Congress Considers Amendment to Expand Reach of the Water Infrastructure Finance and Innovation Act

November 18, 2020

Argent Communications Group

On September 11, 2020, Congressman John Garamendi introduced a bill to amend the 2014 Water Infrastructure Finance and Innovation Act (WIFIA), WIFIA Improvement Act of 2020 (H.R. 8217, 116th Cong. (2020)). WIFIA provides low-interest loans for water infrastructure projects with a maximum 35 year payoff period. If enacted, the bipartisan bill would amend WIFIA to extend the payoff period for certain long-term water infrastructure projects to 55 years. The bill would also clarify that WIFIA applies to projects owned by the U.S. Bureau of Reclamation (Bureau) but operated and maintained by local agencies.

Read the full article here.