Read twice and referred to the Committee on Environment and Public Works.
Why This Matters
This bill improves security measures for construction projects funded by the Water Infrastructure Finance and Innovation Act, ensuring better protection for public funds.
If you care about how taxpayer money is spent on water projects, this bill aims to make those investments safer.
Who this affects
Construction companies · Local governments
What changes is this bill making?
1The bill requires stronger payment and performance security for water infrastructure projects.
2It allows state or local laws to fulfill security requirements if they meet certain conditions.
3If local laws do not provide enough security, federal standards will apply.
4This change aims to protect taxpayer investments in water projects.
