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[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4468 Introduced in House (IH)]

<DOC>

114th CONGRESS
  2d Session
                                H. R. 4468

  To establish a Water Infrastructure Investment Trust Fund, and for 
                            other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            February 4, 2016

 Mr. Blumenauer (for himself, Mr. Hanna, and Mr. Duncan of Tennessee) 
 introduced the following bill; which was referred to the Committee on 
Transportation and Infrastructure, and in addition to the Committees on 
Ways and Means and Energy and Commerce, for a period to be subsequently 
   determined by the Speaker, in each case for consideration of such 
 provisions as fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 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 1. SHORT TITLE.

    This Act may be cited as the ``Water Infrastructure Trust Fund Act 
of 2016''.

SEC. 2. ESTABLISHMENT AND FUNDING OF WATER INFRASTRUCTURE INVESTMENT 
              TRUST FUND.

    (a) Water Infrastructure Investment Trust Fund.--
            (1) In general.--Subchapter A of chapter 98 of the Internal 
        Revenue Code of 1986 (relating to establishment of trust funds) 
        is amended by adding at the end the following new section:

``SEC. 9512. 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 9602(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 1, 2022, under section 
2(b) of the Water Infrastructure Trust Fund Act of 2016.
    ``(c) Expenditures.--Except as provided by subsection (d), amounts 
in the Water Infrastructure Investment Trust Fund shall be available, 
without further appropriation, as follows:
            ``(1) 85 percent of the amounts shall be available to the 
        Administrator of the Environmental Protection Agency for making 
        capitalization grants under section 601 of the Federal Water 
        Pollution Control Act (33 U.S.C. 1377).
            ``(2) 15 percent of the amounts shall be available to the 
        Administrator for making capitalization grants under section 
        1452 of the Safe Drinking Water Act (42 U.S.C. 300j-12).
    ``(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 601 of the Federal Water Pollution Control Act (33 U.S.C. 
1381) for the 5-fiscal-year period immediately preceding such fiscal 
year.''.
            (2) Clerical amendment.--The table of sections for 
        subchapter A of chapter 98 of such Code is amended by adding at 
        the end the following new item:

``Sec. 9512. Water Infrastructure Investment Trust Fund.''.
    (b) Voluntary Labeling System.--
            (1) 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 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.
            (2) 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. 3. EPA STUDY ON WATER PRICING.

    (a) Study.--The Administrator of the Environmental Protection 
Agency, with participation by the States, shall conduct a study to--
            (1) assess the affordability gap faced by low-income 
        populations located in urban and rural areas in obtaining 
        services from clean water and drinking water systems; and
            (2) analyze options for programs to provide incentives for 
        rate adjustments at the local level to achieve ``full cost'' or 
        ``true value'' pricing for such services, while protecting low-
        income ratepayers from undue burden.
    (b) Report.--Not later than 180 days after the date of enactment of 
this Act, the Administrator shall transmit to the Committee on 
Transportation and Infrastructure and the Committee on Energy and 
Commerce of the House of Representatives and the Committee on 
Environment and Public Works of the Senate a report on the results of 
the study.
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