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Financing Lead Out of Water Act of 2025 (S-2007) · Congress.wiki

Text Versions

Text as it was Introduced in Senate

June 10, 2025

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Sponsors (2)

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Related Legislation

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Senate Votes

Pending Committee

June 10, 2025 (8 months ago)

Read twice and referred to the Committee on Finance.

Presidential Signature

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United StatesSenate Bill 2007S 2007

Financing Lead Out of Water Act of 2025

Taxation

senate
house
president

Introduced June 10, 2025 by Michael F. Bennet · Last progress 8 months ago

New Yorkrepresentative·Claudia Tenney

Taxation

Flow Act

house

senate

president

8 cosponsors·Updated 2 hours ago·Last progress June 10, 2025

AI Summary

Makes replacing privately owned portions of lead service lines for public water systems exempt from being treated as "private business use" under certain rules for tax-preferenced bonds. That means public issuers can finance lead service line replacement without that activity triggering private activity bond limits or risking tax status for affected obligations issued after Dec. 31, 2025.

The change adds definitions (including cross-references to the Safe Drinking Water Act) to clarify which service line segments qualify and applies to obligations issued after December 31, 2025.