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1 1 (January 14, 2021)

handle is hein.crs/govebkn0001 and id is 1 raw text is: Congressional *.Research Service U.S. Army Corps of Engineers Civil Works Infrastructure Financing Program (CWIFP): Status and Issues January 14, 2021 In the Water Resources Reform and Development Act of 2014 (WRRDA 2014, P.L. 113-121), Congress authorized the U.S. Army Corps of Engineers (USACE) to provide credit assistance, in the form of secured or direct loans, for a range of water resource projects. This authority was provided in the Water Infrastructure Finance and Innovation Act of 2014 (WIFIA 2014, Title V, Subtitle C of P.L. 113-121; 33 U.S.C. §§3901-3914, as amended). WIFIA 2014 authorized an analogous program for the U.S. Environmental Protection Agency (EPA) for water projects outside of USACE mission areas (see CRS In Focus IF 11193, WIFIA Program: Background and Recent Developments). While Congress has appropriated funding since FY2017 for EPA's WIFIA program to provide assistance to projects, it first funded USACE's program in the Consolidated Appropriations Act, FY2021 (P.L. 116- 260). In Division D of that act, Congress created a WIFIA account for USACE and provided appropriations to support credit assistance for nonfederal dam safety projects. Recently, USACE has referred to its program as the Civil Works Infrastructure Financing Program (CWIFP). CWIFP WIFIA 2014 authorized USACE to provide financial assistance to a suite of water resource projects that encompass several USACE mission areas. It authorized the USACE program (i.e., CWIFP) to support the following project purposes: reduction of riverine or coastal storm flood damage; restoration of aquatic ecosystems; improvement of the inland and intracoastal waterways navigation system; improvement of navigation at a U.S. harbor; or a combination of purposes that are supported by the USACE and the EPA WIFIA authorities (e.g., drinking water, wastewater, and/or stormwater system improvements). Congressional Research Service https://crsreports.congress.gov IN11577 CRS INSIGHT Prepared for Members and Committees of Congress

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