President Obama signed into law the Water Resources Reform and Development Act (WRRDA), HR 3080, the first Water Resources bill enacted since 2007. The new law authorizes the US Army Corps of Engineers (USACE) to construct projects for flood control, water navigation, storm damage reduction, beach nourishment, ecological restoration, water supply and dam and levee safety.
Key provisions include limiting feasibility studies for new projects to three years and streamlining the environmental review and permitting process. It also establishes a new pilot Water Infrastructure Finance Innovation Authority (WIFIA) to provide credit assistance to drinking water, wastewater and water resources projects and includes reforms to the State Revolving Fund (SRF) program.
In addition, the act establishes a new process for future bills to review and prioritize water resources development activities with strong Congressional oversight. It provides for increased expenditures from the Harbor Maintenance Trust Fund to reduce the backlog of port and harbor projects and requires a review of possible ways to increase revenue collections for financing projects on the inland waterways.
The House and Senate overwhelmingly approved the legislation. The vote in the Senate was 91-7 and 412-4 in the House of Representatives.
During the signing ceremony on June 10 the President praised Congress for coming together to pass the legislation in a bipartisan manner and urged lawmakers to pass a transportation bill before the highway trust fund becomes insolvent before the end of the summer.
To read the full text of the law, click here