Last month, Sen. Robert Menendez (D-N.J.) and Sen. Mike Crapo (R-Idaho) reintroduced the Sustainable Water Infrastructure Investment Act to the Senate. The legislation is identical to the water private activity bond (PAB) legislation introduced by Reps. John Duncan (R-Tenn.) and Bill Pascrell (D-N.J.) in March.
The Menendez/Crapo bill, S.2345, would remove state volume caps on PABs for water and wastewater projects, enabling billions of dollars in private capital investment for the nation?s critical water infrastructure. Exceptions from the federally-imposed state volume cap are currently provided for other government-owned facilities such as airports, high-speed intercity rail and solid waste disposal sites.
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