Urge your lawmakers to cosponsor the Sustainable Water Infrastructure Investment Act (H.R. 499), which is bipartisan legislation to encourage private investment in our nation’s deteriorating water infrastructure.
The legislation removes the state volume cap on private activity bonds for water infrastructure projects to create jobs to address years of underfunding in one of our nation’s greatest resources—clean water. According to approximations, the legislation could generate as much as $5 billion annually in private capital for water infrastructure projects with a nominal cost to the federal government. Associated Equipment Distributors estimates the bill could generate as much as $6 billion in construction equipment market activity over the next decade.
Water infrastructure investment is a win-win for everyone, including the government. Financing from the private sector is an even better situation. According to a recent study by researchers at the College of William & Mary's Thomas Jefferson Program in Public Policy, investing $1.00 in sewer systems and water infrastructure generates $2.03 in tax receipts ($1.35 for the federal government) over 20 years.
Please take a minute and urge your representative to cosponsor the Sustainable Water Infrastructure Investment Act (H.R. 499).