[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 2329 Introduced in Senate (IS)]

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115th CONGRESS
  2d Session
                                S. 2329

     To reauthorize and amend the Water Infrastructure Finance and 
            Innovation Act of 2014, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 23, 2018

Mr. Hoeven (for himself and Mr. Booker) introduced the following bill; 
 which was read twice and referred to the Committee on Environment and 
                              Public Works

_______________________________________________________________________

                                 A BILL


 
     To reauthorize and amend the Water Infrastructure Finance and 
            Innovation Act of 2014, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Water Infrastructure Finance and 
Innovation Reauthorization Act of 2018''.

SEC. 2. INNOVATIVE FINANCING PILOT PROJECTS.

    (a) Authority To Provide Assistance.--Section 5023 of the Water 
Infrastructure Finance and Innovation Act of 2014 (33 U.S.C. 3902) is 
amended--
            (1) in subsection (a), by striking ``Secretary and the''; 
        and
            (2) by striking subsection (b) and inserting the following:
    ``(b) Required Approval of Certain Projects by Secretary.--
            ``(1) In general.--The Secretary shall approve projects 
        under this subtitle that are eligible under section 5026(1) or, 
        as applicable, section 5026(8).
            ``(2) Guidance.--The Secretary shall issue guidance on 
        information required to be included in applications for 
        projects requiring approval from the Secretary under this 
        subsection.''.
    (b) Applications.--Section 5024 of the Water Infrastructure Finance 
and Innovation Act of 2014 (33 U.S.C. 3903) is amended--
            (1) by striking subsection (a) and inserting the following:
    ``(a) In General.--To receive assistance under this subtitle, an 
eligible entity shall submit to the Administrator, and the Secretary, 
if applicable, an application at such time, in such manner, and 
containing such information as the Administrator and the Secretary, if 
applicable may require.''; and
            (2) in subsection (b), by striking ``Secretary or the 
        Administrator, as applicable,'' and inserting ``Administrator, 
        and the Secretary, if applicable,''.
    (c) Determination of Eligibility and Project Selection.--Section 
5028 of the Water Infrastructure Finance and Innovation Act of 2014 (33 
U.S.C. 3907) is amended--
            (1) in subsection (a)--
                    (A) in paragraph (1)--
                            (i) in subparagraph (A), by striking 
                        ``Secretary or the Administrator, as 
                        applicable,'' each place it appears and 
                        inserting ``Administrator''; and
                            (ii) by striking ``Secretary or the 
                        Administrator, as applicable.'' and inserting 
                        ``Administrator.'';
                    (B) in paragraph (4)(B), by striking ``Secretary or 
                the Administrator, as appropriate,'' and inserting 
                ``Administrator'';
                    (C) in paragraph (5)(A), by striking ``the 
                Administrator has authority under paragraph (2) or (3) 
                of section 5023(b) and for which''; and
                    (D) by striking paragraph (6) and inserting the 
                following:
            ``(6) Operation and maintenance plan.--The Administrator, 
        and the Secretary, if applicable, shall determine whether an 
        applicant for assistance under this subtitle has developed, and 
        identified adequate revenues to implement, a plan for 
        operating, maintaining, and repairing the project over the 
        useful life of the project.''; and
            (2) in subsection (b)(1), by striking ``Secretary or the 
        Administrator, as applicable,'' and inserting 
        ``Administrator''.
    (d) Secured Loans.--Section 5029 of the Water Infrastructure 
Finance and Innovation Act of 2014 (33 U.S.C. 3908) is amended--
            (1) in subsection (a)--
                    (A) by striking ``Secretary or the Administrator, 
                as applicable,'' and inserting ``Administrator''; and
                    (B) in paragraph (2), by striking ``Secretary or 
                the Administrator, as applicable'' and inserting 
                ``Administrator'';
            (2) in subsection (b)--
                    (A) in paragraph (1), by striking ``Secretary or 
                the Administrator, as applicable,'' and inserting 
                ``Administrator'';
                    (B) in paragraph (5)(A)(ii), by striking 
                ``Secretary or the Administrator, as applicable'' and 
                inserting ``Administrator''; and
                    (C) in paragraph (7), by striking ``Secretary or 
                the Administrator, as applicable,'' each place it 
                appears and inserting ``Administrator'';
            (3) in subsection (c)--
                    (A) in paragraph (1), by striking ``Secretary or 
                the Administrator, as applicable,'' and inserting 
                ``Administrator'';
                    (B) in paragraph (2)(A), by striking ``Secretary or 
                the Administrator, as applicable'' and inserting 
                ``Administrator''; and
                    (C) in paragraph (3)--
                            (i) in subparagraph (A), by striking 
                        ``Secretary or the Administrator, as 
                        applicable'' and inserting ``Administrator''; 
                        and
                            (ii) in subparagraph (C)(i), by striking 
                        ``Secretary or the Administrator, as 
                        applicable,'' and inserting ``Administrator'';
            (4) in subsection (d), by striking ``Secretary or the 
        Administrator, as applicable,'' each place it appears and 
        inserting ``Administrator''; and
            (5) in subsection (e)--
                    (A) in paragraph (1), by striking ``Secretary or 
                the Administrator, as applicable,'' each place it 
                appears and inserting ``Administrator''; and
                    (B) in paragraph (2), by striking ``Secretary or 
                the Administrator, as applicable.'' and inserting 
                ``Administrator.''.
    (e) Program Administration.--Section 5030 of the Water 
Infrastructure Finance and Innovation Act of 2014 (33 U.S.C. 3909) is 
amended--
            (1) by striking ``Secretary or the Administrator, as 
        applicable,'' each place it appears and inserting 
        ``Administrator''; and
            (2) in subsection (c)--
                    (A) by striking ``Secretary or the Administrator, 
                as applicable.'' each place it appears and inserting 
                ``Administrator.''; and
                    (B) in paragraph (1), by striking ``to assist the 
                Secretary or'' and inserting ``to assist''.
    (f) Regulations.--Section 5032 of the Water Infrastructure Finance 
and Innovation Act of 2014 (33 U.S.C. 3911) is amended--
            (1) by striking ``Secretary or the Administrator, as 
        applicable,'' and inserting ``Administrator''; and
            (2) by striking ``regulations as the Secretary or'' and 
        inserting ``regulations as the''.
    (g) Funding.--Section 5033 of the Water Infrastructure Finance and 
Innovation Act of 2014 (33 U.S.C. 3912) is amended--
            (1) in subsection (a)--
                    (A) in the matter preceding paragraph (1), by 
                striking ``each of the Secretary and'';
                    (B) in paragraph (4), by striking ``and'' at the 
                end; and
                    (C) by striking paragraph (5) and inserting the 
                following:
            ``(5) $90,000,000 for fiscal year 2019;
            ``(6) $100,000,000 for fiscal year 2020;
            ``(7) $110,000,000 for fiscal year 2021;
            ``(8) $120,000,000 for fiscal year 2022;
            ``(9) $130,000,000 for fiscal year 2023; and
            ``(10) $140,000,000 for fiscal year 2024.'';
            (2) by redesignating subsections (b), (c), and (d) as 
        subsections (c), (d), and (e), respectively;
            (3) by inserting after subsection (a) the following:
    ``(b) Project Funding Requirements.--
            ``(1) In general.--Except as provided in paragraph (2), of 
        the funds made available to carry out this subtitle--
                    ``(A) 50 percent of the funds shall be used for 
                projects that require the approval of the Secretary 
                under section 5023(b)(1); and
                    ``(B) 50 percent of the funds shall be used for 
                projects under this subtitle not described in 
                subparagraph (A).
            ``(2) Reallocation.--For any fiscal year, if amounts for 
        projects described in paragraph (1)(A) remain available after 
        receiving all applications submitted under section 5024, the 
        Administrator may reallocate the amounts to be used for 
        projects described in paragraph (1)(B).'';
            (4) in subsection (c) (as so redesignated), by striking 
        ``the Secretary or the Administrator'' and all that follows 
        through the period at the end and inserting ``the Administrator 
        may use for the administration of this subtitle, including for 
        the provision of technical assistance to aid project sponsors 
        in obtaining the necessary approvals for the project, not more 
        than $3,000,000 for each of fiscal years 2015 through 2024.'';
            (5) in subsection (d) (as so redesignated), by striking 
        ``Secretary or the Administrator, as applicable,'' each place 
        it appears and inserting ``Administrator''; and
            (6) in subsection (e) (as so redesignated), by striking 
        ``Secretary or the Administrator, as applicable,'' and 
        inserting ``Administrator''.
    (h) Reports on Pilot Program Implementation.--Section 5034 of the 
Water Infrastructure Finance and Innovation Act of 2014 (33 U.S.C. 
3913) is amended--
            (1) in subsection (a), in the matter preceding paragraph 
        (1), by striking ``the Secretary and''; and
            (2) in subsection (b)--
                    (A) in paragraph (1), by striking ``4 years after 
                the date of enactment of this Act'' and inserting ``2 
                years after the date of enactment of the Water 
                Infrastructure Finance and Innovation Reauthorization 
                Act of 2018''; and
                    (B) in paragraph (2)(B)(i), by striking ``Secretary 
                or the Administrator, as applicable,'' and inserting 
                ``Administrator''.
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