Water Affordability, Transparency, Equity, and Reliability Act of 2023

1/17/2024, 2:00 AM

Congressional Summary of S 938

Water Affordability, Transparency, Equity, and Reliability Act of 2023

This bill increases funding for water infrastructure to control water pollution or protect drinking water.

Specifically, it establishes a Water Affordability, Transparency, Equity, and Reliability Trust Fund. The fund may be used for specified grant programs. The bill increases the corporate income tax rate to 24.5% to provide revenues for the fund.

In addition, the bill revises requirements concerning the clean water state revolving fund (SRF) and the drinking water SRF, including by prohibiting states from providing financial assistance using amounts from the clean water SRF for projects that will provide substantial direct benefits to new communities other than projects for constructing an advanced decentralized wastewater system.

It also creates or reauthorizes several grant programs related to water infrastructure, such as grants for removing lead from drinking water.

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Current Status of Bill S 938

Bill S 938 is currently in the status of Bill Introduced since March 22, 2023. Bill S 938 was introduced during Congress 118 and was introduced to the Senate on March 22, 2023.  Bill S 938's most recent activity was Read twice and referred to the Committee on Finance. as of March 22, 2023

Bipartisan Support of Bill S 938

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
0
Unaffiliated Sponsors
1
Total Number of Cosponsors
5
Democrat Cosponsors
5
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 938

Primary Policy Focus

Environmental Protection

Alternate Title(s) of Bill S 938

Water Affordability, Transparency, Equity, and Reliability Act of 2023Water Affordability, Transparency, Equity, and Reliability Act of 2023A bill to establish a trust fund to provide for adequate funding for water and sewer infrastructure, and for other purposes.
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Sponsors and Cosponsors of S 938

Bernard Sanders
Bernard Sanders
Vermont(Independent)
Elizabeth Warren
Elizabeth Warren
Massachusetts(Democrat)
Peter Welch
Peter Welch
Vermont(Democrat)
Ron Wyden
Ron Wyden
Oregon(Democrat)
Jeff Merkley
Jeff Merkley
Oregon(Democrat)
Richard Blumenthal
Richard Blumenthal
Connecticut(Democrat)

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