Private Activity Bond Bill Introduced in the Senate

On April 27, Senator Robert Menendez (D-N.J.) and cosponsors Kit Bond (R-Mo.), Mike Crapo (D-Idaho), and John Kerry (D-Mass.) introduced the Sustainable Water Infrastructure Investment Act  (S. 3262). The legislation will remove state volume caps on private activity bonds for water and wastewater projects and lead to the investment of billions of dollars in private money flowing into our nation's water infrastructure.  S. 3262 is the Senate companion to H.R. 537, a bill authored by Congressman Bill Pascrell (D-N.J.) that passed the House in March as part of the Small Business and Infrastructure Tax Act.  AGC, along with the National Association of Water Companies and American Water, led the coalition effort in seeking the introduction of the Senate bill.