Bill > HR3862

This bill amends the Federal Water Pollution Control Act to expand financial assistance options for water pollution control projects through State Revolving Funds (SRF). Specifically, the bill allows qualified nonprofit entities to receive financial assistance for constructing, acquiring, or improving treatment works, and creates new provisions for privately owned treatment works. The bill introduces two key changes: first, it enables nonprofit entities to access SRF funding for a broader range of water infrastructure activities, and second, it establishes special rules for privately owned treatment works, allowing them to receive financial assistance for improvements, construction, water conservation measures, energy efficiency upgrades, security enhancements, and other related activities. However, the bill includes important limitations, such as prohibiting additional subsidization for nonprofit entities and ensuring that financial assistance for privately owned treatment works primarily benefits the individuals or entities served by the treatment works, rather than shareholders or owners. These changes aim to provide more flexible funding options for water infrastructure projects while maintaining accountability and focusing on community benefits.

Agriculture and Natural Resources, Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/house-bill/3862/all-info