H.R. 1740 · 118th Congress
To amend the Water Infrastructure Finance and Innovation Act of 2014 to establish payment and performance security requirements for projects, and for other purposes.
- Stage
- In committee
- Sponsor
- Mike Bost
- Introduced
- 2023-03-23
- Latest action
- 2023-03-31 · Referred to the Subcommittee on Environment, Manufacturing, and Critical Materials.
Summary
This bill establishes bonding requirements for the recipient of a water infrastructure construction loan under the Water Infrastructure Finance and Innovation Act. A borrower must secure the financed project with payment and performance bonds in minimum amounts set out in the bill.