0
0

Financing Lead Out of Water Act of 2022

12/29/2022, 9:48 PM

Summary of Bill HR 6985

Bill 117 HR 6985, also known as the Financing Lead Out of Water Act of 2022, aims to address the issue of lead contamination in drinking water across the United States. The bill proposes a comprehensive approach to financing the removal of lead from water systems, with a focus on protecting public health and ensuring safe drinking water for all Americans.

The key provisions of the bill include establishing a grant program to assist states and localities in replacing lead service lines, which are a major source of lead contamination in drinking water. The bill also provides funding for testing and monitoring of lead levels in water systems, as well as for public education and outreach efforts to raise awareness about the dangers of lead exposure.

Additionally, the bill includes provisions to improve coordination between federal, state, and local agencies in addressing lead contamination, as well as measures to ensure that low-income and disadvantaged communities are prioritized in lead remediation efforts. The bill also calls for increased research and data collection on lead exposure and its health impacts, in order to inform future policy decisions. Overall, the Financing Lead Out of Water Act of 2022 represents a significant step towards addressing the ongoing issue of lead contamination in drinking water and protecting the health and well-being of all Americans.

Congressional Summary of HR 6985

Financing Lead Out of Water Act of 2022

This bill allows the issuance of tax-exempt private activity bonds to finance the replacement of any privately-owned portion of a lead service line in a public water system. Specifically, the bill provides that the use of proceeds from such bonds for replacement of a lead service line does not constitute private business use.

Current Status of Bill HR 6985

Bill HR 6985 is currently in the status of Bill Introduced since March 8, 2022. Bill HR 6985 was introduced during Congress 117 and was introduced to the House on March 8, 2022.  Bill HR 6985's most recent activity was Referred to the House Committee on Ways and Means. as of March 8, 2022

Bipartisan Support of Bill HR 6985

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
26
Democrat Cosponsors
26
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6985

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 6985

Financing Lead Out of Water Act of 2022
Financing Lead Out of Water Act of 2022
To amend the Internal Revenue Code of 1986 to modify the private business use requirements for bonds issued for lead service line replacement projects.

Comments