H. R. ll. To establish a Water Infrastructure Investment Trust Fund, and for other purposes. IN THE HOUSE OF REPRESENTATIVES A BILL

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1 F:\M\BLUMEN\BLUMEN_0.XML TH CONGRESS ST SESSION... (Original Signature of Member) H. R. ll To establish a Water Infrastructure Investment Trust Fund, and for other purposes. IN THE HOUSE OF REPRESENTATIVES Mr. BLUMENAUER introduced the following bill; which was referred to the Committee on llllllllllllll A BILL To establish a Water Infrastructure Investment Trust Fund, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION. SHORT TITLE. This Act may be cited as the Water Infrastructure Investment Act of 0. SEC.. ESTABLISHMENT AND FUNDING OF WATER INFRA- STRUCTURE INVESTMENT TRUST FUND. (a) WATER INFRASTRUCTURE INVESTMENT TRUST FUND. f:\vhlc\0\0..xml ( ) July, 0 (: p.m.) VerDate 0ct 0 00 : Jul, 0 Jkt PO Frm 0000 Fmt Sfmt 0 C:\DOCUME~\EWBALLOU\APPLIC~\SOFTQUAD\XMETAL\.\GEN\C\BLUMEN~.XML H

2 F:\M\BLUMEN\BLUMEN_0.XML 0 0 () IN GENERAL. Subchapter A of chapter of the Internal Revenue Code of (relating to establishment of trust funds) is amended by adding at the end the following new section: SEC.. WATER INFRASTRUCTURE INVESTMENT TRUST FUND. (a) CREATION OF TRUST FUND. There is established in the Treasury of the United States a trust fund to be known as the Water Infrastructure Investment Trust Fund, consisting of such amounts as may be appropriated or credited to such fund as provided in this section or section 0(b). (b) TRANSFERS TO TRUST FUND. There are hereby appropriated to the Water Infrastructure Investment Trust Fund amounts equivalent to the fees received in the Treasury before January, 0, under section (b) of the Water Infrastructure Investment Act of 0. (c) EXPENDITURES. Except as provided by subsection (d), amounts in the Water Infrastructure Investment Trust Fund shall be available, without further appropriation, as follows: () percent of the amounts shall be available to the Administrator of the Environmental Protection Agency for making capitalization grants f:\vhlc\0\0..xml ( ) July, 0 (: p.m.) VerDate 0ct 0 00 : Jul, 0 Jkt PO Frm 0000 Fmt Sfmt 0 C:\DOCUME~\EWBALLOU\APPLIC~\SOFTQUAD\XMETAL\.\GEN\C\BLUMEN~.XML H

3 F:\M\BLUMEN\BLUMEN_0.XML 0 0 under section 0 of the Federal Water Pollution Control Act ( U.S.C. ). () percent of the amounts shall be available to the Secretary of the Treasury for carrying out the innovative financing program established under section of the Water Infrastructure Investment Act of 0. (d) LIMITATION ON EXPENDITURES. Amounts in the Water Infrastructure Investment Trust Fund may not be made available for a fiscal year unless the funds appropriated to the Clean Water State Revolving Fund through annual capitalization grants is not less than the average of the annual amounts provided in capitalization grants under section 0 of the Federal Water Pollution Control Act ( U.S.C. ) for the fiscal year-period immediately preceding such fiscal year.. () CLERICAL AMENDMENT. The table of sections for subchapter A of chapter of such Code is amended by adding at the end the following new item: Sec.. Water Infrastructure Investment Trust Fund.. (b) VOLUNTARY LABELING SYSTEM. () IN GENERAL. The Secretary of the Treasury, in consultation with the Administrator of the Food and Drug Administration, manufacturers, producers, and importers, shall develop and implement f:\vhlc\0\0..xml ( ) July, 0 (: p.m.) VerDate 0ct 0 00 : Jul, 0 Jkt PO Frm 0000 Fmt Sfmt 0 C:\DOCUME~\EWBALLOU\APPLIC~\SOFTQUAD\XMETAL\.\GEN\C\BLUMEN~.XML H

4 F:\M\BLUMEN\BLUMEN_0.XML 0 0 a program under which the Secretary provides a label designed in consultation with manufacturers, producers, and importers suitable for placement on products to inform consumers that the manufacturer, producer, or importer of the product, and other stakeholders, participates in the Water Infrastructure Investment Trust Fund and is contributing to America s clean water. () FEE. The Secretary shall provide a label for a fee of three cents per unit. Amounts received by the Secretary shall be deposited in the general fund of the Treasury. (c) EFFECTIVE DATE. The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act. SEC.. ESTABLISHMENT OF INNOVATIVE FINANCING PRO- GRAM. (a) IN GENERAL. The Secretary of the Treasury shall establish an innovative financing program to make financial assistance available for projects eligible under section 0(c) of the Federal Water Pollution Control Act ( U.S.C. (c)). (b) USE OF TIFIA PROGRAM AS MODEL. The Secretary shall model the program after the Transportation Infrastructure Finance and Innovation Act of f:\vhlc\0\0..xml ( ) July, 0 (: p.m.) VerDate 0ct 0 00 : Jul, 0 Jkt PO Frm 0000 Fmt Sfmt 0 C:\DOCUME~\EWBALLOU\APPLIC~\SOFTQUAD\XMETAL\.\GEN\C\BLUMEN~.XML H

5 F:\M\BLUMEN\BLUMEN_0.XML (TIFIA) program established in chapter of title, United States Code. (c) FUNDING. The Secretary shall carry out this section using funds made available for that purpose out of the Water Infrastructure Investment Trust Fund. f:\vhlc\0\0..xml ( ) July, 0 (: p.m.) VerDate 0ct 0 00 : Jul, 0 Jkt PO Frm 0000 Fmt Sfmt 0 C:\DOCUME~\EWBALLOU\APPLIC~\SOFTQUAD\XMETAL\.\GEN\C\BLUMEN~.XML H

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