June 20, 2022 - WASHINGTON – Congressman Jim Costa (CA-16) released the following statement after he introduced the Water Infrastructure Finance and Innovation Act Amendments of 2022 alongside Reps. Kim Schrier (WA-08), Doug LaMalfa (CA-01), John Garamendi (CA-03), Sharice Davids (KS-03), and Dan Newhouse (WA-04). This bipartisan legislation would reauthorize federal funding to invest in the San Joaquin Valley’s water supply and strengthen the federal response to the impacts of drought in the West.

“We cannot ignore the devastating impacts of drought on California and the West. We must quickly and effectively invest in our crumbling water infrastructure so that we can conserve every drop of water possible,” said Costa. “I am proud to co-sponsor this bipartisan legislation that will provide improved financing tools that allow us to better invest in our water system." 

The Water Infrastructure Finance and Innovation Act Amendments of 2022 is a legislative package that includes several bills that would amend the Water Infrastructure Finance and Innovation Act (WIFIA) of 2014, a program that accelerates investment in our nation’s water infrastructure by providing long-term, low-cost supplemental loans for regionally and nationally significant projects.

This package includes Costa’s bill (H.R. 3023), which would clarify that federally owned infrastructure managed and operated by non-federal entities, such as the San Luis Delta-Mendota Water Authority, can utilize WIFIA funding to finance water infrastructure projects, such as the C.W. “Bill” Jones Pumping plant rewind.
Source: Congressman Jim Costa