The Fund provides low-cost financing to communities for the construction, repair and rehabilitation of wastewater collection and treatment facilities. The program also funds stormwater, wetlands, estuary and nonpoint source improvements.
The Clean Water Infrastructure Financing Act (H.R. 2720/S. 1699), companion bills, introduced by Reps. Sue Kelly (R-NY) and Ellen Tauscher (D-CA) and Sen. George Voinovich (R-OH), would reauthorize the SRF at $3 billion annually for five years.
"An investment in wastewater infrastructure is an investment in
protecting the environment and human health. Our communities remain susceptible
to a number of hazards that pose a significant threat to clean water, such as
sewer overflows that pollute water sources with untreated sewage," said
Rep. Kelly. "H.R. 2720 would help mitigate hazards such as this and guide
Congress in appropriating adequate funds for the SRF that reflect our nation's
considerable needs."