Senate Bill 4206
116th Congress(2019-2020)
A bill to amend the Water Infrastructure Finance and Innovation Act of 2014 to authorize the interest rate to be used on a secured loan to be the interest rate for United States Treasury securities of a similar maturity on the date of first disbursement of the loan, and for other purposes.
Introduced
Introduced in Senate on Jul 2, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4206
Congress
116
Policy Area
Water Resources Development
Water Resources Development
Primary focus of measure is the supply and use of water and control of water flows; watersheds; floods and storm protection; wetlands. Measures concerning water quality may fall under Environmental Protection policy area.
No Senate votes have been held for this bill.
Summary
This bill modifies statutory requirements related to the minimum interest rate for a secured loan provided under a federal program to help finance water infrastructure projects (i.e., the program established under the Water Infrastructure Finance and Innovation Act of 2014).
Specifically, the interest rate for such a loan shall not be less than the yield of U.S. Treasury securities of similar maturity to the loan, either on the date the loan agreement was executed or the date of the loan's first disbursement, whichever is lower. Currently, the statute only takes into consideration the yield of comparable U.S. Treasury securities on the execution date of the loan agreement.
July 2, 2020
07/02/2020
Read twice and referred to the Committee on Environment and Public Works.
07/02/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:45:39 PM