Bill > S2034

This bill authorizes the International Boundary and Water Commission (IBWC), which manages water-related issues between the United States and Mexico, to accept funds from both federal and non-federal sources to support wastewater treatment, water conservation, and flood control projects. The bill specifies that any funds received must be deposited into the IBWC's Treasury account and can be used for studying, designing, constructing, operating, or maintaining related infrastructure. However, the bill includes important limitations: the IBWC cannot accept funds from entities domiciled in, headquartered in, or principally located in a "foreign country of concern" (as defined by existing law), and cannot provide reimbursement or credit to non-federal entities exceeding $5 million in any fiscal year. Additionally, the IBWC is required to submit an annual report to specific congressional committees detailing the funds accepted and the activities and costs associated with those funds. The bill aims to provide more flexibility for the IBWC in funding and executing cross-border water infrastructure projects while maintaining safeguards against potential foreign influence.

Government Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/2034/all-info