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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
Introduced in Senate on Jul 2, 2020
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Introduced in Senate 
Jul 2, 2020
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Introduced in Senate(Jul 2, 2020)
Jul 2, 2020
Not Scanned for Linkage
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Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 4206 (Introduced-in-Senate)


116th CONGRESS
2d Session
S. 4206


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.

IN THE SENATE OF THE UNITED STATES

July 2, 2020

Mr. Merkley introduced the following bill; which was read twice and referred to the Committee on Environment and Public Works

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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Interest rate of secured loans.

(a) In general.—Section 5029(b)(4) of the Water Infrastructure Finance and Innovation Act of 2014 (33 U.S.C. 3908(b)(4)) is amended—

(1) by inserting “the lesser of” after “less than”;

(2) by striking “on the date” and inserting the following: “on—

“(A) the date”; and

(3) in subparagraph (A) (as so designated), by striking the period at the end and inserting “; and”; and

(4) by adding at the end the following:

“(B) the date of the first disbursement of the secured loan.”.

(b) Applicability.—Notwithstanding any other provision of law, this Act and the amendments made by this Act shall apply to any secured loan (as defined in section 5022 of the Water Infrastructure Finance and Innovation Act of 2014 (33 U.S.C. 3901)) for which, on the date of enactment of this Act—

(1) a loan agreement has been entered into; but

(2) no disbursement has been made.