TRUMP SIGNS HISTORIC WATER FUNDING BILLOctober 30, 2018
Parsippany, NJ – President Trump signed the America’s Water Infrastructure Act of 2018 into law today, making federal water infrastructure investment a top priority for the nation. This important legislation will help communities across the nation — big and small, rural and urban, red and blue — improve the safety and reliability of their drinking and wastewater systems. For the past year, Hydraulic Institute staff and members have met with legislators in the US Congress and on both sides of the aisle, advocating for this legislation and touting its importance to American jobs, US competitiveness and the health of communities.
The America’s Water Infrastructure Act will:
- Significantly increase annual, federal investment on water and wastewater infrastructure from approximately $2 Billion to over $7 Billion per year.
- Dramatically improve the efficiency and timeliness of the WIFIA Loan approval process.
- Allow States to fast-track existing, approved and permitted projects with the “no new reviews” provisions.
- Safeguard existing CWA and SDWA SRF Funding from cuts — no funding for WIFIA unless existing SRFs are fully funded
As Senator Boozman, Chair of the Senate Fisheries, Water and Wildlife Subcommittee observed, “America’s Water Infrastructure Act is in lock step with President Trump’s vision for infrastructure. I’m particularly pleased that this bill also includes the Securing Required Funding for Water Infrastructure Now, or SRF WIN Act, legislation I introduced with Senator Booker. What the SRF WIN Act does is simple, it combines the efficiency and trust associated with the State Revolving Funds with the leveraging power of the Water Infrastructure Finance and Innovation Act. This legislation makes the process easier and more affordable for states and communities to access federal water infrastructure funding — providing millions and potentially billions to communities that have not had access to federal water infrastructure funding.”
“I applaud President Trump for signing this significant piece of infrastructure legislation into law,” said Senator Barrasso, Chair of the Senate Environment and Public Works Committee. “The president called on Congress to act and America’s Water Infrastructure Act delivers. The bipartisan bill will keep communities safe and cut red tape, all while being fiscally responsible. It is good for Wyoming and good for the nation. America’s Water Infrastructure Act will upgrade and maintain aging dams and irrigation systems, increase water storage, and deepen nationally significant ports. It authorizes funds to repair aging drinking water systems, so that communities across America have access to clean drinking water. It authorizes important projects that will create jobs and grow our economy. America’s Water Infrastructure Act is a win for all Americans,” added Barrasso.
About Hydraulic Institute
The Hydraulic Institute™ (HI) serves member companies and pump users by providing standards, guidelines, training and certification while serving as a forum for the exchange of industry information. HI is the voice of the North American pump industry and has become the world’s resource for pumping solutions by: addressing pump systems, developing standards, expanding knowledge and resources, educating the marketplace and advocating for the industry.
SOURCE: Hydraulic Institute