Us Congress 2023-2024 Regular Session

Us Congress House Bill HB2694

Introduced
4/18/23  

Caption

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

The proposed modifications in HB 2694 could significantly affect state laws surrounding water management and infrastructure funding. By explicitly mentioning additional Carey Act projects, the bill could open avenues for federal support for state-level initiatives dedicated to maintaining and improving dam infrastructure. This may lead to enhanced water security and potentially stimulate local economies reliant on such resources. State officials and local municipalities might find increased support for initiatives addressing aging water infrastructure, which is often a costly burden on state budgets.

Summary

House Bill 2694 seeks to amend the Infrastructure Investment and Jobs Act specifically to allow for funding related to additional Carey Act projects. The Carey Act originally aimed to promote irrigation projects and the development of water resources in the western United States. By broadening eligibility for federal funds, this bill intends to facilitate the rehabilitation, reconstruction, or replacement of dams that came into existence under the auspices of the Carey Act. Such changes could encourage the preservation and improvement of critical water management infrastructure, supporting agricultural and municipal needs.

Contention

While HB 2694 aims to facilitate crucial water resource management projects, it may face contention regarding how funds are allocated and the criteria for eligibility. Concerns could arise from different stakeholders, including state officials who might fear federal oversight or mismatches in priorities. Additionally, the proposal could spark debates over the implications of increased federal involvement in state water resources, potentially igniting discussions about local versus federal control over infrastructure decisions. Overall, balancing federal assistance with local needs and oversight will be a vital part of the discussions surrounding this bill.

Companion Bills

US SB843

Same As 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.

Previously Filed As

US SB843

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 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 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 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 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 HB5437

Protecting Infrastructure Investments for Rural America Act

US HB3360

National Infrastructure Investment Corporation Act of 2023

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 HB3316

To amend titles 46 and 49, United States Code, to streamline the environmental review process for major projects, and for other purposes.

Similar Bills

No similar bills found.