H.R.2979: To amend the Water Infrastructure Finance and Innovation Act of 2014 with respect to the final maturity date of certain loans, and for other purposes.

About This Bill

Bill Cosponsors

3 (1 Democrat, 2 Republicans)

Bill Version

Bill Summary

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 for this type of loan is 35 years...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 2 statements associated with H.R.2979.

Bill Actions

Date Description
May 5, 2021
Referred to the Subcommittee on Health.
May 5, 2021
Referred to the Subcommittee on Environment and Climate Change.
May 5, 2021
Referred to the Subcommittee on Water Resources and Environment.
May 4, 2021
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.
May 4, 2021

Introduced in the House by John Garamendi (D-Calif.)

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