Water Infrastructure Trust Fund Act of 2017

To establish a Water Infrastructure Trust Fund, and for other purposes. 1. Short title This Act may be cited as the Water Infrastructure Trust Fund Act of 2017 2. Establishment and funding of Water Infrastructure Trust Fund (a) Water Infrastructure Trust Fund (1) In general Subchapter A of chapter 98 9512. Water Infrastructure 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 Trust Fund (b) Transfers to trust fund There are hereby appropriated to the Water Infrastructure Trust Fund amounts equivalent to the fees received in the Treasury before January 1, 2023, under section 2(b) of the Water Infrastructure Trust Fund Act of 2017 (c) Expenditures Except as provided by subsection (d), amounts in the Water Infrastructure Trust Fund shall be available, without further appropriation, as follows: (1) 50 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) 50 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 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 . (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 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 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.

Summary: Water Infrastructure Trust Fund Act of 2017 This bill amends the Internal Revenue Code to establish in the Treasury a Water Infrastructure Trust Fund and appropriates to it amounts equivalent to the fees received in the Treasury before January 1, 2023, under this bill. The bill requires 50% of amounts in the fund to be available to the Environmental Protection Agency for capitalization grants under the Federal Water Pollution Control Act (commonly known as the Clean Water Act or CWA) and 50% to be available for capitalization grants under the Safe Drinking Water Act. Amounts in the fund may not be made available for a fiscal year unless the amount of 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 the CWA for the immediately preceding five-fiscal-year period. The Department of the Treasury shall: (1) implement a program under which it provides a label suitable for placement on products (for a fee of three cents per unit) to inform consumers that the manufacturer, producer, or importer of the product and other stakeholders participate in the fund and are contributing to America's clean water; and (2) deposit amounts received in the Treasury.