Water Affordability, Transparency, Equity, and Reliability Act of 2023
Bill journey · stage 2 of 5
Under committee review
What it doesSummary 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.
What just happenedMar 22, 2023
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateMar 22, 2023
- Mar 22, 2023IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Mar 22, 2023IntroReferral10000
Introduced in Senate