Title: Water Infrastructure Trust Fund Act of 2017
Policy area: Environmental Protection

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.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1647 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 1647

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 21, 2017

Mr. Blumenauer (for himself and Mr. Duncan of Tennessee) introduced the 
   following bill; which was referred to the Committee on Energy and 
  Commerce, and in addition to the Committees on Ways and Means, and 
  Transportation and Infrastructure, 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 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 2017''.

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

    (a) Water Infrastructure 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 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', 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 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) 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 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.
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