Us Congress 2023-2024 Regular Session

Us Congress Senate Bill SB843

Introduced
3/16/23  
Refer
3/16/23  

Caption

A bill to amend the Infrastructure Investment and Jobs Act to authorize the use of funds for certain additional Carey Act projects, and for other purposes.

Impact

If enacted, SB843 would provide federal funding aimed at bolstering state-level infrastructure projects related to dam management. It seeks to streamline the process by ensuring that funds available under the Infrastructure Investment and Jobs Act can be allocated towards necessary projects that enhance public safety and environmental stewardship. This action reinforces the federal government's role in addressing infrastructure needs, further empowering states to pursue critical improvements in their water infrastructure systems.

Summary

SB843 aims to amend the Infrastructure Investment and Jobs Act by authorizing the use of funds for additional projects under the Carey Act, which primarily deals with the management and funding of certain dam projects in the United States. The bill is intended to facilitate the rehabilitation, reconstruction, or replacement of dams that fall under Carey Act provisions, thereby enhancing infrastructure in specific regions tasked with maintaining these water-related structures. This legislative move reflects an emphasis on improving water safety and management through federal support.

Sentiment

General sentiment surrounding SB843 appears to be supportive, especially among legislators advocating for infrastructure improvement. Supporters argue that investing in dam rehabilitation and reconstruction is essential for public safety and environmental management. However, potential critiques may arise regarding budget allocation, with some stakeholders possibly voicing concern over prioritizing dam projects over other pressing infrastructure needs. Nonetheless, the bill is positioned as a proactive step towards enhancing critical infrastructure funding.

Contention

While there is overall support for SB843, notable points of contention may include debates on the types of projects that should be prioritized, the governance of such infrastructure funds at the state level, and the implications for local communities affected by these dam projects. Critics might argue that more extensive oversight is needed to ensure that funds are effectively used and that local needs are not overlooked in favor of broader state interests. Additionally, discussions could emerge about the environmental impact of dam projects and rehabilitation.

Companion Bills

US HB2694

Same As To amend the Infrastructure Investment and Jobs Act to authorize the use of funds for certain additional Carey Act projects, and for other purposes.

Previously Filed As

US HB2694

To amend the Infrastructure Investment and Jobs Act to authorize the use of funds for certain additional Carey Act projects, and for other purposes.

US SB1257

A bill to amend the Infrastructure Investment and Jobs Act to authorize the use of funds for certain additional Carey Act projects, and for other purposes.

US HB10525

To facilitate efficient investments and financing of infrastructure projects and new job creation through the establishment of a National Infrastructure Development Bank, and for other purposes.

US HB4993

To amend title 46, United States Code, to include the replacement or purchase of additional cargo handling equipment as an eligible purpose for Capital Construction Funds, and for other purposes.

US HB1740

To amend the Water Infrastructure Finance and Innovation Act of 2014 to establish payment and performance security requirements for projects, and for other purposes.

US HB5437

Protecting Infrastructure Investments for Rural America Act

US HB3360

National Infrastructure Investment Corporation Act of 2023

US HB490

Federal Infrastructure Bank Act of 2023 This bill establishes the Federal Infrastructure Bank and the Federal Infrastructure Bank Holding Company (FIBHC). The bank shall be a wholly owned subsidiary of the FIBHC. The bank must provide equity investments, direct loans, and loan guarantees for the planning, predevelopment, design, construction, operation or maintenance of infrastructure projects in the United States with sufficient revenue sources and guarantees to support the interest and principal payments to the bank. At least 10% of the loans, equity investments, and loan guarantees must be for infrastructure projects in rural areas. The Board of Governors of the Federal Reserve System shall have oversight and supervisory authority over the FIBHC and the bank. The bank must establish an Infrastructure Guarantee Fund to cover loans and loan guarantees in the event of nonpayment by loan recipients. The bill provides for a taxpayer credit in an amount equal to 10% of the amount such taxpayer paid to the FIBHC for an equity investment at its original issue.

US HB2992

To amend title 23, United States Code, and the Infrastructure Investment and Jobs Act with respect to vehicle roadside crashes, work zone safety, and for other purposes.

US SB910

A bill to amend the Grand Ronde Reservation Act, and for other purposes.

Similar Bills

No similar bills found.