Clean Water Allotment Modernization Act of 2023

Clean Water Allotment Modernization Act of 2023

This bill revises the formula the Environmental Protection Agency (EPA) uses to determine how to distribute funds from the Clean Water State Revolving Fund (SRF) program. Under the program, the EPA allocates funding to states for water quality infrastructure projects, such as wastewater systems and stormwater management projects.

In FY2024-FY2028, the EPA must provide an initial allotment to each state that is equal to the amount the state received in FY2023. The EPA must also provide an additional allotment to each state that is based on its share of the U.S. population.

In FY2029 and each subsequent fiscal year, the EPA must use an updated allotment formula, which is based on the needs of states as identified in the most recently available clean watersheds needs survey.

Beginning in FY2024, the formula must also provide allotments for Indian tribes and territories. In addition, the formula must provide an allotment for EPA's oversight of SRF projects to ensure they use American iron and steel.

The Clean Water Allotment Modernization Act of 2023, also known as Bill 118 hr 3167, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to update and modernize the way that federal funds are allocated for clean water projects across the country.

One of the key provisions of the bill is the establishment of a new formula for distributing funds to states and localities for water infrastructure projects. This formula takes into account factors such as population size, water quality needs, and economic conditions in order to ensure that funds are distributed in a fair and equitable manner.

Additionally, the bill includes provisions aimed at increasing transparency and accountability in the allocation of clean water funds. This includes requirements for regular reporting on the progress of funded projects, as well as measures to prevent fraud and abuse of federal funds. Overall, the Clean Water Allotment Modernization Act of 2023 seeks to improve the efficiency and effectiveness of federal funding for clean water projects, ensuring that communities across the country have access to safe and reliable water infrastructure.