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1 1 (December 2, 2021)

handle is hein.crs/govegff0001 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 Updated December 2, 2021 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), Congress authorized the U.S. Army Corps of Engineers (USACE) to provide credit assistance to specified eligible entities, in the form of secured or direct loans, for water resource projects. 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). This Insight focuses on the authorization, funding, and issues for Congress related to the USACE program. Though Congress has appropriated funding since FY2017 for EPA's WIFIA program, Congress first funded USACE's program in FY2021 through the Consolidated Appropriations Act, FY2021 (P.L. 116- 260). In Division D of that act, Congress created a WIFIA account for USACE and provided $14.2 million-$2.2 million for program administration and $12 million to support credit assistance for nonfederal dam safety projects. USACE refers to the program funded by its WIFIA account as the Civil Works Infrastructure Financing Program (CWIFP). Congress provided an additional $75 million to the USACE WIFIA account-$11 million for program administration and $64 million to support credit assistance for nonfederal dam safety projects-in the Infrastructure Investment and Jobs Act (IIJA, P.L. 117-58) enacted in November 2021. According to a January 2021 USACE CWIFP fact sheet, a notice of funding availability and call for preliminary applications will follow publication of the program rule. As of November 2021, USACE had not published the rules for the program. CWIFP Project Types, Eligible Entities, and Credit Subsidy WIFIA 2014 authorized USACE to provide credit assistance to water resource projects with 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; Congressional Research Service https://crsreports.congress.gov IN11577 CRS INSIGHT Prepared for Members and Committees of Congress

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