In February, Senators Bob Menendez (D-N.J.) and Mike Crapo (R-Idaho) introduced legislation, S. 2606, the Sustainable Water Infrastructure Investment Act to spur capital investment and to ensure the reliability and safety of the nation’s water infrastructure. Representatives Bill Pascrell (D-N.J.) and Jimmy Duncan (R-Tenn.) have also introduced the same bill, H.R. 499, in the U.S. House of Representatives. The bipartisan, bicameral legislation will remove the volume cap on private activity bond (PAB) financing of water and wastewater infrastructure projects.
“Flint has taught us all that ignoring our aging water infrastructure has dire consequences,” said Menendez. “We’ve underinvested in our infrastructure, certainly we’ve underinvested in water systems, and now we’re paying the price. These systems are old and badly degraded. Many of them are waiting to fail, and they need to be fixed. We can’t sit back, do nothing, and fail to address the public health dangers of an aging infrastructure.”
Continue Reading
This archived story is available after you provide your email address and accept our Privacy Policy.
