House Bill 8217
116th Congress(2019-2020)
WIFIA Improvement Act of 2020
Introduced
Introduced in House on Sep 11, 2020
Origin Chamber
House
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
8217
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 House votes have been held for this bill.
Summary
WIFIA Improvement Act of 2020
This bill allows certain federal water infrastructure loans to have maturity dates of up to 55 years.
For a secured loan for a water infrastructure project with a useful life of more than 35 years, the final maturity date of the loan shall be no later than the earlier of (1) 55 years after the project's substantial completion, or (2) the useful life of the project. Currently, the latest possible maturity date of for this type of loan is 35 years from the project's substantial completion.
September 11, 2020
09/14/2020
Referred to the Subcommittee on Water Resources and Environment.
09/11/2020
Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
09/11/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:45:00 PM