Water Infrastructure Financing: Proposals to Create a Water Infrastructure Finance and Innovation Act (WIFIA) Program [May 16, 2014] [open pdf - 233KB]
"Policy makers have recently been considering several legislative options to help finance water infrastructure projects, including projects to build and upgrade wastewater and drinking water treatment systems. This report examines one particular option being debated, creation of a 'Water Infrastructure Finance and Innovation Act,' or WIFIA, program. Although several other approaches have also been proposed, much of the recent legislative and policy attention has been on WIFIA. In the 113th Congress, House and Senate conferees have included a WIFIA pilot program in H.R. 3080, the Water Resources Reform and Development Act of 2014, or WRRDA. The conference report adopts WIFIA provisions from Senate-passed S. 601 with some additions and modifications. H.R. 3080 as passed by the House did not include similar provisions. The WIFIA concept is modeled after a similar program that assists transportation projects, the Transportation Infrastructure Finance and Innovation Act, or TIFIA, program. Proponents of the WIFIA approach, including water utility organizations, cite several potential benefits."
CRS Report for Congress, R43315