Water Affordability, Transparency, Equity, and Reliability Act of 2023
- Last Action
- 3/22/2023
Actions
- 2023-03-22Read twice and referred to the Committee on Finance.
- 2023-03-22Introduced in Senate
CRS Summary
As of 2023-03-22 (00)
Water Affordability, Transparency, Equity, and Reliability Act of 2023
This bill increases funding for water infrastructure to control water pollution or protect drinking water.
Specifically, it establishes a Water Affordability, Transparency, Equity, and Reliability Trust Fund. The fund may be used for specified grant programs. The bill increases the corporate income tax rate to 24.5% to provide revenues for the fund.
In addition, the bill revises requirements concerning the clean water state revolving fund (SRF) and the drinking water SRF, including by prohibiting states from providing financial assistance using amounts from the clean water SRF for projects that will provide substantial direct benefits to new communities other than projects for constructing an advanced decentralized wastewater system.
It also creates or reauthorizes several grant programs related to water infrastructure, such as grants for removing lead from drinking water.
Cosponsors (5)
- Ron Wyden (D-OR)
- Richard Blumenthal (D-CT)
- Jeff Merkley (D-OR)
- Elizabeth Warren (D-MA)
- Peter Welch (D-VT)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.