I 
116TH CONGRESS 
2D SESSION 
H. R. 8217 
To amend the Water Infrastructure Finance and Innovation Act of 2014 
with respect to the final maturity date of certain loans, and for other 
purposes. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 11, 2020 
Mr. GARAMENDI (for himself, Mr. COX of California, Mr. COSTA, Mr. 
LAMALFA, Mr. HARDER of California, and Mr. NEWHOUSE) introduced 
the following bill; which was referred to the Committee on Transportation 
and Infrastructure, and in addition to the Committee on 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 juris-
diction of the committee concerned 
A BILL 
To amend the Water Infrastructure Finance and Innovation 
Act of 2014 with respect to the final maturity date 
of certain loans, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘WIFIA Improvement 
Act of 2020’’. 
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SEC. 2. MATURITY DATE. 
Section 5029(b)(5) of the Water Infrastructure Fi-
nance and Innovation Act of 2014 (33 U.S.C. 3908(b)(5)) 
is amended— 
(1) in subparagraph (B), by striking ‘‘The final 
maturity date’’ and inserting ‘‘Notwithstanding sub-
paragraphs (A) and (B), the final maturity date’’; 
(2) by redesignating subparagraph (B) as sub-
paragraph (C); and 
(3) by inserting after subparagraph (A) the fol-
lowing: 
‘‘(B) PROJECTS WITH A USEFUL LIFE OF 
MORE THAN 35 YEARS.—Notwithstanding sub-
paragraph (A), for a project with a useful life 
of more than 35 years (as determined by the 
Secretary or the Administrator, as applicable), 
the final maturity date of a secured loan under 
this section shall be not later than the earlier 
of— 
‘‘(i) the date that is 55 years after the 
date of substantial completion of the rel-
evant project (as determined by the Sec-
retary or the Administrator, as applicable); 
and 
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‘‘(ii) if the useful life of the project is 
less than 55 years, the useful life of the 
project.’’. 
SEC. 3. BUDGETARY TREATMENT OF CERTAIN AMOUNTS 
OF FINANCIAL ASSISTANCE. 
Subtitle C of title V of the Water Infrastructure Fi-
nance and Innovation Act of 2014 (33 U.S.C. 3901 et 
seq.) is amended by adding at the end the following: 
‘‘SEC. 
5036. 
BUDGETARY 
TREATMENT 
OF 
CERTAIN 
AMOUNTS OF FINANCIAL ASSISTANCE. 
‘‘If the recipient of financial assistance for a project 
under this subtitle is an eligible entity other than a Fed-
eral entity, agency, or instrumentality, and the dedicated 
sources of repayment of that financial assistance are non- 
Federal revenue sources, such financial assistance shall, 
for purposes of budgetary treatment under the Federal 
Credit Reform Act of 1990 (2 U.S.C. 661 et seq.)— 
‘‘(1) be deemed to be non-Federal; and 
‘‘(2) be treated as a direct loan or loan guar-
antee (as such terms are defined, respectively, in 
such Act).’’. 
Æ 
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