ABSTRACT

U.S. Army Corps of Engineers Civil Works Infrastructure Financing Program (CWIFP): Status and Issues [January 14, 2021]   [open pdf - 653KB]

From the Document: "In the Water Resources Reform and Development Act of 2014 (WRRDA 2014, P.L. 113-121), Congress authorized the U.S. Army Corps of Engineers (USACE) to provide credit assistance, in the form of secured or direct loans, for a range of water resource projects. This authority was provided in the Water Infrastructure Finance and Innovation Act of 2014 (WIFIA 2014, Title V, Subtitle C of P.L. 113-121; 33 U.S.C. §§3901-3914, as amended). WIFIA 2014 authorized an analogous program for the U.S. Environmental Protection Agency (EPA) for water projects outside of USACE mission areas [...]. While Congress has appropriated funding since FY2017 for EPA's WIFIA program to provide assistance to projects, it first funded USACE's program in the Consolidated Appropriations Act, FY2021 (P.L. 116- 260). In Division D of that act, Congress created a WIFIA account for USACE and provided appropriations to support credit assistance for nonfederal dam safety projects. Recently, USACE has referred to its program as the Civil Works Infrastructure Financing Program (CWIFP)."

Report Number:
CRS Insight, IN11577
Author:
Publisher:
Date:
2021-01-14
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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