Water Affordability, Transparency, Equity, and Reliability Act of 2023
Read twice and referred to the Committee on Finance.
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · Mar 22, 2023
Water Affordability, Transparency, Equity, and Reliability Act of 2023
This bill increases funding for water infrastructure to control water pollution or protect drinking water.
Specifically, it establishes a Water Affordability, Transparency, Equity, and Reliability Trust Fund. The fund may be used for specified grant programs. The bill increases the corporate income tax rate to 24.5% to provide revenues for the fund.
In addition, the bill revises requirements concerning the clean water state revolving fund (SRF) and the drinking water SRF, including by prohibiting states from providing financial assistance using amounts from the clean water SRF for projects that will provide substantial direct benefits to new communities other than projects for constructing an advanced decentralized wastewater system.
It also creates or reauthorizes several grant programs related to water infrastructure, such as grants for removing lead from drinking water.
Source last updated: Jul 24, 2024. Consult Congress.gov for the current record.
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