H.R. 537House111th Congress (2009-2011)In Committee

Sustainable Water Infrastructure Investment Act of 2009

Introduced January 14, 2009

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

January 14, 2009

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HouseIntro Referral

Introduced in House

January 14, 2009

HouseIntro Referral

Referred to the House Committee on Ways and Means.

January 14, 2009

Floor Debate

23 members

What members said about H.R. 537 on the floor

7 Republicans16 Democrats
Dave Camp
Rep. Dave CampR-MI-4 · Mar 24, 2010

Madam Speaker, I yield myself such time as I may consume. It's tough to see this bill either as a small business bill or as a jobs bill, and, specifically, I have three concerns: One, it raises taxes…

John A. Boccieri
Rep. John A. BoccieriD-OH-16 · Mar 10, 2010

Thank you, Mr. Speaker. Sorry for the confusion this evening. Tonight I am joined by several of my colleagues from around the country who want to talk to you about the economy and how we are working…

Sander M. Levin
Rep. Sander M. LevinD-MI-12 · Mar 24, 2010

Madam Speaker, pursuant to House Resolution 1205, I call up the bill (H.R. 4849) to amend the Internal Revenue Code of 1986 to provide tax incentives for small business job creation, extend the Build…

Bill Pascrell, Jr.
Rep. Bill Pascrell, Jr.D-NJ-8 · Mar 10, 2010

I thank the gentleman for yielding. Mr. Speaker, if you look at the data, it is clear that since the start of the Obama administration and the passage of the Recovery Act-- which you've heard…

Judy Chu
Rep. Judy ChuD-CA-32 · Mar 10, 2010

Mr. Speaker, I am proud to be a member of the Democratic Congressional Jobs Working Group. Together, we are proposing solutions to our job crisis. In fact, one of those proposals is H.R. 4564, the…

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Robert C. "Bobby" Scott
Rep. Robert C. "Bobby" ScottD-VA-3 · Mar 10, 2010

Mr. Speaker, I want to thank the gentleman from Ohio for his leadership in bringing us together to make sure that we can discuss the importance of creating jobs. As we discuss jobs, I think it is…

Earl Pomeroy
Rep. Earl PomeroyD-ND · Mar 24, 2010

Madam Speaker, helping North Dakota business create jobs is my top priority and today, Madam Speaker, Congress takes another step forward with a sharp focus on small businesses. Small businesses are…

Steny H. Hoyer
Rep. Steny H. HoyerD-MD-5 · Mar 24, 2010

I thank the gentleman for yielding and I congratulate him for his leadership, and I thank Mr. Camp as well for his work. In the fall, Madam Speaker, of 2008, America did not know whether it was…

Thomas S.P. Perriello
Rep. Thomas S.P. PerrielloD-VA-5 · Mar 10, 2010

Grazie to my paisan from Ohio. I appreciate that, and I appreciate your remarks on where we are with this economy, both with where we have come and with where we have to go. I think both the present…

Lloyd Doggett
Rep. Lloyd DoggettD-TX-25 · Mar 24, 2010

Madam Speaker, regarding these ill-considered arguments against the treaty-shopping provisions that allow a handful of firms to dodge their responsibilities to fund our national and homeland…

John D. Dingell
Rep. John D. DingellD-MI-15 · Mar 24, 2010

Madam Speaker, I rise today in support of H.R. 4849, the Small Business and Infrastructure Jobs Tax Act. First, I would like to commend my friend and colleague from Michigan, Chairman of the Ways and…

Kevin Brady
Rep. Kevin BradyR-TX-8 · Mar 24, 2010

Another week, another stimulus. This ministimulus, the third or fourth such effort--I've lost count--is more proof of the failed economic policies of Washington Democrats and an acknowledgment that…

John Linder
Rep. John LinderR-GA-7 · Mar 24, 2010

Madam Speaker, I oppose this legislation. Since the Democrats' 2009 stimulus law, 3.3 million jobs have been eliminated, not the 3.7 million jobs they forecast it would create. Unemployment has risen…

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Charles W. Boustany, Jr.
Rep. Charles W. Boustany, Jr.R-LA-7 · Mar 24, 2010

Madam Speaker, I thank Ranking Member Camp for yielding me this time. We are talking about jobs, and this bill purports to be a job- creation bill, but I have deep reservations about one of the…

Peter J. Roskam
Rep. Peter J. RoskamR-IL-6 · Mar 24, 2010

I thank the gentleman for yielding. During the markup on this bill, Mr. Rangel of New York was very magnanimous in his concern for our emotional well-being on our side of the aisle. And he said that…

Richard E. Neal
Rep. Richard E. NealD-MA-2 · Mar 24, 2010

Madam Speaker, I want to thank the chairman of our committee, and I rise in support of the Small Business and Infrastructure Jobs Tax Act. As a former mayor, I am pleased that this bill contains a…

Jack Kingston
Rep. Jack KingstonR-GA-1 · Mar 24, 2010

Madam Speaker, I thank the gentleman for yielding, and I have to say I am confused. Now I am confused maybe because I am not on the Ways and Means Committee--I'm on the Appropriations Committee-- and…

Wally Herger
Rep. Wally HergerR-CA-2 · Mar 24, 2010

Madam Speaker, Republicans have been arguing ever since the debate on last year's failed stimulus bill that we need real tax relief to get our economy going and to create jobs. Today, the Democratic…

John Conyers, Jr.
Rep. John Conyers, Jr.D-MI-14 · Mar 24, 2010

Madam Speaker, today I rise in support of H.R. 4849, the ``Small Business and Infrastructure Jobs Tax Act of 2010.'' Today's legislation would provide much needed tax relief to small businesses, as…

Shelley Berkley
Rep. Shelley BerkleyD-NV-1 · Mar 24, 2010

I thank you, Mr. Chairman, for your leadership. This legislation is yet another strong step towards economic recovery for Las Vegas, the State of Nevada, and the Nation. The provisions of this bill…

Charles B. Rangel
Rep. Charles B. RangelD-NY-15 · Mar 24, 2010

Thank you, Mr. Chairman. I really can't understand how this discussion is dealing with Republicans and Democrats. When someone loses his job and loses his health care, loses his dignity and pride and…

Bill Pascrell, Jr.
Rep. Bill Pascrell, Jr.D-NJ-8 · Mar 24, 2010

Thank you for yielding, Mr. Chairman. No more loopholes. No more sheltered tax havens. No more privileged class perks. Period. That is how we're paying for this bill. Mr. Speaker, once again, the day…

Earl Blumenauer
Rep. Earl BlumenauerD-OR-3 · Mar 24, 2010

Madam Speaker, there is a certain amount of irony hearing our friends on the other side of the aisle talking about a recovery package that hasn't worked as well as all of us would like because it was…

Jim McDermott
Rep. Jim McDermottD-WA-7 · Mar 24, 2010

Madam Speaker, the gentleman from California asked where the jobs are. Well, this 1-year extension of the TANF Emergency Contingency Fund will produce more than 160,000 subsidized job placements in…

Bill Text

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Introduced in HouseIssued January 14, 2009

I

111th CONGRESS

1st Session

H. R. 537

IN THE HOUSE OF REPRESENTATIVES

January 14, 2009

Mr. Pascrell (for himself, Mr. Davis of Alabama, and Ms. Sutton) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to provide that the volume cap for private activity bonds shall not apply to bonds for facilities for the furnishing of water and sewage facilities.

1.

Short title

This Act may be cited as the Sustainable Water Infrastructure Investment Act of 2009.

2.

Findings and purpose

(a)

Findings

Congress finds the following:

(1)

Our Nation’s water and wastewater systems are among the best in the world, providing safe drinking water and sanitation to our citizens.

(2)

In addition to protecting the health of our citizens, community water systems are essential to our local economies, enabling industries to achieve growth and productivity that make America strong and prosperous.

(3)

Regulated under title XIV of the Public Health Service Act (42 U.S.C. 300f et seq.; commonly known as the Safe Drinking Water Act) and the Federal Water Pollution Control Act (33 U.S.C. 1251 et seq.), community drinking water systems and wastewater collection and treatment facilities are critical elements in the Nation’s infrastructure.

(4)

Water and wastewater infrastructure is comprised of a mixture of old and new technology. In many local communities across the Nation, the old infrastructure has deteriorated to critical conditions and is very costly to replace. Recent government studies have estimated costs of $500,000,000,000 to $800,000,000,000 over the next 20 years for maintaining and improving the existing inventory, building new infrastructure, and meeting new water quality standards.

(5)

The historical approach of funding infrastructure is insufficient to meet the investment needs of the future.

(6)

The Federal partnership with State and local communities has played a pivotal role in improving the Nation’s water quality and drinking water supplies. Federal assistance under this partnership has been the linchpin of these improvements.

(7)

In light of constrained Federal budgets, the availability of exempt-facility financing represents an important financing tool to help close the gap between funds currently being invested and water infrastructure needs, preserving the Federal partnership.

(8)

Providing alternative financing solutions, such as tax-exempt securities, encourages investment in water and wastewater infrastructure that in turn creates local jobs and protects the health of our citizens.

(9)

Federally mandated State volume cap restrictions in conjunction with other priorities have limited the use of tax-exempt securities on water and wastewater infrastructure investment.

(10)

Removal of State volume caps for water and wastewater infrastructure will accelerate and increase overall investment in the Nation’s critical water infrastructure; facilitate increased use of innovative infrastructure delivery methods supporting sustainable water systems through public-private partnerships that optimize design, financing, construction, and long-term management, maintenance and viability; and provide for more effective risk management of complex water infrastructure projects by municipal utility and private sector partners.

(b)

Purpose

The purpose of this Act is to provide alternative financing for long-term infrastructure capital investment programs, and to restore the Nation’s safe drinking water and wastewater infrastructure capability and protect the health of our citizens.

3.

Exempt-facility bonds for sewage and water supply facilities

(a)

Bonds for water and sewage facilities exempt from volume cap on private activity bonds

Paragraph (3) of section 146(g) of the Internal Revenue Code of 1986 (relating to exception for certain bonds) is amended by inserting (4), (5), after (2),.

(b)

Conforming change

Paragraphs (2) and (3)(B) of section 146(k) of such Code are both amended by striking (4), (5), (6), and inserting (6).

(c)

Effective date

The amendments made by this section shall apply to obligations issued after the date of the enactment of this Act.