WIFIA Improvement Act of 2020

United States116th CongressHR-8217House of Representatives
Updated: Sep 14, 2020

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.

Bill texts

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Introduced (House)View official text

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Timeline

  1. 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.

    House of Representatives

  2. Introduced in House

  3. Referred to the Subcommittee on Water Resources and Environment.

    House of Representatives

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