Infrastructure Investment and Jobs Act (IIJA): Drinking Water and Wastewater Infrastructure [Updated January 4, 2022] [open pdf - 1MB]
From the Summary: "In recent years, multiple events have increased attention to the condition of the nation's local drinking water and wastewater infrastructure, and the financial challenges that communities confront in maintaining, repairing, or replacing aging water infrastructure. The U.S. Environmental Protection Agency (EPA) estimates that the capital cost of wastewater and drinking water infrastructure needed to meet federal water quality and safety requirements and public health objectives exceeds $744 billion over a 20-year period. Congressional interest in expanding federal funding for local drinking water and wastewater infrastructure has also increased in recent years. [...] This report discusses the drinking water and wastewater infrastructure provisions in IIJA [Infrastructure Investment and Jobs Act]. Drinking water and wastewater-relevant provisions of the act include the following:  Emergency supplemental appropriations to the SRF [State Revolving Fund] programs, which represent a substantial increase over recent regular appropriations for these programs; in particular, the level of DWSRF [Drinking Water State Revolving Fund] appropriations average $6.14 billion per fiscal year, nearly six times the level of recent DWSRF annual appropriations; the majority of the supplemental funding for the DWSRF program are dedicated to lead line replacement.  Nearly half of the supplemental funding for the SRF programs is directed to principal forgiveness or grants, in contrast to subsidized loans, the traditional instrument of the SRF programs.  Supplemental appropriations to address emerging contaminants: $4 billion for the DWSRF program and $1 billion for the CWSRF [Clean Water State Revolving Fund] program over five fiscal years.  Authority for EPA to establish multiple new grant programs to address a range of specific objectives, including assistance to specific communities, improvements in resilience to natural hazards and cybersecurity vulnerabilities, among others.  Modifications in funding authority and eligibility to several existing EPA funding programs, including the SRF programs and grant programs that address specific concerns, including affordability."
CRS Report for Congress, R46892
Congressional Research Service: https://crsreports.congress.gov/