H.R. 1407 · 118th Congress
Financing Lead Out of Water Act
- Stage
- In committee
- Sponsor
- Daniel Kildee
- Introduced
- 2023-03-07
- Latest action
- 2024-12-17 · Referred to the Subcommittee on Work and Welfare.
Summary
Financing Lead Out of Water Act of 2023
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.