United StatesWater projects using WIFIA assistance would need construction guarantees
Water projects using WIFIA, a federal financing program, would need financial backing for construction payments and completion, with qualifying state or local guarantees accepted.
What it does
Projects using WIFIA assistance would need payment and completion guarantees. State or local requirements would qualify at 50% or more of the construction contract; otherwise, federal bond requirements would apply.
Argument forFinancial guarantees could help protect subcontractors from unpaid construction bills and provide backing to finish water projects.
Argument againstContractors on projects without qualifying state or local guarantees could face extra paperwork to arrange the required federal bonds.
More detail
Federal officials would require guarantees covering construction payments and completion. The rule would cover construction on projects assisted through WIFIA, a federal water infrastructure financing program. State or local requirements would qualify if they require payment and completion guarantees worth at least 50% of the total construction contract. Otherwise, the project would need to meet the federal bond requirements referenced in the bill.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 13Introduced in HouseLatest
- Feb 13Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Feb 13Referred to the Subcommittee on Water Resources and Environment.Introduced
Environment & Energy