Title: Water Infrastructure Finance and Innovation Reauthorization Act of 2017
Policy area: Water Resources Development

Summary:
Water Infrastructure Finance and Innovation Reauthorization Act of 2017
This bill amends the Water Infrastructure Finance and Innovation Act of 2014 to: (1) exclude the U.S. Army Corps of Engineers from specified activities that it currently carries out in conjunction with the the Environmental Protection Agency (EPA), and (2) increase and extend funding through FY2024.
The Corps shall approve specified water infrastructure projects and issue guidance on information required to be included in applications for projects requiring its approval.
The EPA (currently, the Corps and the EPA):
The bill modifies the date of the Government Accountability Office report to Congress on  projects receiving assistance under the Act.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4492 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 4492

     To reauthorize and amend the Water Infrastructure Finance and 
                        Innovation Act of 2014.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 30, 2017

Mr. Mast (for himself, Mr. Sean Patrick Maloney of New York, Mr. Gibbs, 
 and Ms. Brownley of California) 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 jurisdiction of the committee 
                               concerned

_______________________________________________________________________

                                 A BILL


 
     To reauthorize and amend the Water Infrastructure Finance and 
                        Innovation Act of 2014.

    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 Finance and 
Innovation Reauthorization Act of 2017''.

SEC. 2. INNOVATIVE FINANCING PILOT PROJECTS.

    (a) Authority To Provide Assistance.--Section 5023 of the Water 
Infrastructure Finance and Innovation Act of 2014 (33 U.S.C. 3902) is 
amended--
            (1) in subsection (a), by striking ``Secretary and the''; 
        and
            (2) by amending subsection (b) to read as follows:
    ``(b) Required Approval of Certain Projects by Secretary.--
            ``(1) Approval.--The Secretary shall approve projects under 
        this subtitle that are eligible under section 5026(1) or, as 
        appropriate, section 5026(8).
            ``(2) Guidance.--The Secretary shall issue guidance on 
        information required to be included in applications for 
        projects requiring approval from the Secretary under this 
        subsection.''.
    (b) Applications.--Section 5024 of the Water Infrastructure Finance 
and Innovation Act of 2014 (33 U.S.C. 3903) is amended--
            (1) by amending subsection (a) to read as follows:
    ``(a) In General.--To receive assistance under this subtitle, an 
eligible entity shall submit to the Administrator, and the Secretary, 
if applicable, an application at such time, in such manner, and 
containing such information as the Administrator, and the Secretary, if 
applicable, may require.''; and
            (2) in subsection (b), by striking ``Secretary or the 
        Administrator, as applicable,'' and inserting ``Administrator, 
        and the Secretary, if applicable,''.
    (c) Determination of Eligibility and Project Selection.--Section 
5028 of the Water Infrastructure Finance and Innovation Act of 2014 (33 
U.S.C. 3907) is amended--
            (1) in subsection (a)--
                    (A) in paragraph (1)--
                            (i) by striking ``Secretary or the 
                        Administrator, as applicable.'' and inserting 
                        ``Administrator.''; and
                            (ii) by striking ``Secretary or the 
                        Administrator, as applicable,'' each place it 
                        appears and inserting ``Administrator'';
                    (B) in paragraph (5)(A), by striking ``the 
                Administrator has authority under paragraph (2) or (3) 
                of section 5023(b) and for which''; and
                    (C) by amending paragraph (6) to read as follows:
            ``(6) Operation and maintenance plan.--The Administrator, 
        and the Secretary, if applicable, shall determine whether an 
        applicant for assistance under this subtitle has developed, and 
        identified adequate revenues to implement, a plan for 
        operating, maintaining, and repairing the project over the 
        useful life of the project.''; and
            (2) in subsection (b)(1), by striking ``Secretary or the 
        Administrator, as applicable,'' and inserting ``Administrator 
        and the Secretary''.
    (d) Secured Loans.--Section 5029 of the Water Infrastructure 
Finance and Innovation Act of 2014 (33 U.S.C. 3908) is amended--
            (1) in subsection (a)(2), by striking ``Secretary or the 
        Administrator, as applicable'' and inserting ``Administrator'';
            (2) in subsection (b)--
                    (A) in paragraph (1), by striking ``Secretary or 
                the Administrator, as applicable,'' and inserting 
                ``Administrator''; and
                    (B) in paragraph (7), by striking ``Secretary or 
                the Administrator, as applicable,'' each place it 
                appears and inserting ``Administrator'';
            (3) in subsection (c)--
                    (A) in paragraph (1), by striking ``Secretary or 
                the Administrator, as applicable,'' and inserting 
                ``Administrator''; and
                    (B) in paragraph (3)--
                            (i) in subparagraph (A), by striking 
                        ``Secretary or the Administrator, as 
                        applicable'' and inserting ``Administrator''; 
                        and
                            (ii) in subparagraph (C), by striking 
                        ``Secretary or the Administrator, as 
                        applicable,'' and inserting ``Administrator'';
            (4) in subsection (d), by striking ``Secretary or the 
        Administrator, as applicable,'' each place it appears and 
        inserting ``Administrator''; and
            (5) in subsection (e)--
                    (A) in paragraph (1), by striking ``Secretary or 
                the Administrator, as applicable,'' each place it 
                appears and inserting ``Administrator''; and
                    (B) in paragraph (2), by striking ``Secretary or 
                the Administrator, as applicable.'' and inserting 
                ``Administrator.''.
    (e) Program Administration.--Section 5030 of the Water 
Infrastructure Finance and Innovation Act of 2014 (33 U.S.C. 3909) is 
amended--
            (1) by striking ``Secretary or the Administrator, as 
        applicable,'' each place it appears and inserting 
        ``Administrator'';
            (2) by striking ``Secretary or the Administrator, as 
        applicable.'' each place it appears and inserting 
        ``Administrator.''; and
            (3) in subsection (c)(1), by striking ``to assist the 
        Secretary or'' and inserting ``to assist''.
    (f) Funding.--Section 5033 of the Water Infrastructure Finance and 
Innovation Act of 2014 (33 U.S.C. 3912) is amended--
            (1) in subsection (a)--
                    (A) in the matter preceding paragraph (1), by 
                striking ``each of the Secretary and'';
                    (B) in paragraph (4) by striking ``and'' at the 
                end; and
                    (C) by striking paragraph (5) and inserting the 
                following:
            ``(5) $90,000,000 for fiscal year 2019;
            ``(6) $100,000,000 for fiscal year 2020;
            ``(7) $110,000,000 for fiscal year 2021;
            ``(8) $120,000,000 for fiscal year 2022;
            ``(9) $130,000,000 for fiscal year 2023; and
            ``(10) $140,000,000 for fiscal year 2024.'';
            (2) in subsection (b), by striking ``$2,200,000 for each of 
        fiscal years 2015 through 2019'' and inserting ``$3,000,000 for 
        each of fiscal years 2015 through 2024''; and
            (3) by striking ``Secretary or the Administrator, as 
        applicable,'' each place it appears and inserting 
        ``Administrator''.
    (g) Reports on Pilot Program Implementation.--Section 5034 of the 
Water Infrastructure Finance and Innovation Act of 2014 (33 U.S.C. 
3913) is amended--
            (1) in subsection (a), by striking ``the Secretary and''; 
        and
            (2) in subsection (b)--
                    (A) in paragraph (1), by striking ``4 years after 
                the date of enactment of this Act'' and inserting ``2 
                years after the date of enactment of the Water 
                Infrastructure Finance and Innovation Reauthorization 
                Act of 2017''; and
                    (B) in paragraph (2)(B)(i), by striking ``Secretary 
                or the Administrator, as applicable,'' and inserting 
                ``Administrator''.
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