On Jan. 30, Senators John Boozman (R-AR), Cory Booker (D-NJ), Jim Inhofe (R-OK) and Dian Feinstein (D-CA), along with Representatives John Katko (R-NY) and Earl Blumenauer (D-OR), introduced the AGC-supported Securing Required Funding for Water Infrastructure Now (SRF-WIN) Act, charting a politically viable path towards updating water infrastructure investment.
The SRF WIN Act would be a five-year bill that authorizes $200M each year for a total of $1B over five years. As such, bill provides needed increases in funding for our nation’s Drinking Water and Clean Water State Revolving Funds (SRFs). It will also allow State Infrastructure Authorities to utilize financing available through the Water Infrastructure Financing and Innovation Act (WIFIA) program—and the SRF—to increase funding for multiple local water infrastructure projects at once, while also ensuring that current SRF grant funding is preserved. This is vital, because no funding would be made available for this new program if Congress fails to fully appropriate SRF dollars at FY 2018 levels or higher. A full summary of the SRF Win Act can be found here.
AGC will continue to work with the House and Senate to ensure that the SRF WIN Act is included in any infrastructure legislation that moves through Congress in 2018.
For more information, contact Sean O’Neill at email@example.com or (202) 547-8892