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S. 2007

U.S. Senate•In Senate Committee

Summary

S. 2007, the Financing Lead Out of Water Act of 2025, was introduced in the Senate on Jun 10, 2025 by Sen. Michael Bennet (D) with 1 co-sponsor. It was referred to Finance, and last saw action on Jun 10, 2025: Read twice and referred to the Committee on Finance.

Record

Text

S. 2007 has 1 co-sponsor.

sb2007/introduced-in-senate.txt
119 S2007 IS: Financing Lead Out of Water Act of 2025
 U.S. Senate
 2025-06-10
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
  II
  119th CONGRESS
  1st Session
  S. 2007
  IN THE SENATE OF THE UNITED STATES
  June 10, 2025
  Mr. Bennet  (for himself and  Mr. Justice ) introduced the following bill; which was
  read twice and referred to the  Committee on
  Finance
  A BILL
To amend the Internal Revenue Code of 1986 to modify the private business
  use requirements for bonds issued for lead service line replacement
  projects.
1.
Short title
This Act may be cited as the   Financing Lead Out of Water Act of 2025  .
2.
Modification of private business use requirements for certain bonds
(a)
In general
 Section 141(b)(6)  of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph:
(D)
Clarification relating to qualified lead service line replacement
  use
(i)
In general
For purposes of this subsection, qualified lead service line replacement use shall not constitute private business use.
(ii)
Definitions
For purposes of this subparagraph—
(I)
Qualified lead service line replacement use
The term  qualified lead service line replacement use  means, with respect to any public water system, use of the proceeds of an issue to replace any privately-owned portion of a lead service line connected to such system to facilitate, achieve or maintain compliance with a national primary drinking water regulation for lead.
(II)
Lead service line
The term  lead service line  has the meaning given such term in section 1459B(a)(4) of the Safe Drinking Water Act.
(III)
National primary drinking water regulation for lead
The term  national primary drinking water regulation for lead  means a national primary drinking water regulation for lead promulgated under section 1412 of such Act.
(IV)
Public water system
The term  public water system  has the meaning given such term in section 1401(4) of such Act.
  .
(b)
Effective date
The amendments made by this section shall apply to obligations issued after December 31, 2025.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-06-10
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

A bill to amend the Internal Revenue Code of 1986 to modify the private business use requirements for bonds issued for lead service line replacement projects.

Sponsors

Sen. Michael Bennet (D) sponsors S. 2007, and 1 member has co-sponsored it from the day it was introduced.

Committees

S. 2007 went before 1 committee: Finance.

Finance
Finance
Referred To · Jun 10, 2025 · 902 Bills

Actions

S. 2007 has taken 2 actions since Jun 10, 2025.

ChamberAction
Jun 10, 2025
Senate
Read twice and referred to the Committee on Finance.Finance Committee
Jun 10, 2025
—
Introduced in Senate

Votes

S. 2007 has not gone to a roll call.

1 bill is related to S. 2007.

Titles

S. 2007 goes by 3 titles, 1 of them short titles.

  • Financing Lead Out of Water Act of 2025 — Display Title
  • Financing Lead Out of Water Act of 2025 — Short Title(s) as Introduced
  • A bill to amend the Internal Revenue Code of 1986 to modify the private business use requirements for bonds issued for lead service line replacement projects. — Official Title as Introduced

Lobbying

4 clients hired 4 firms and 8 registered lobbyists who named S. 2007 in 20 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Taxation/Internal Revenue Code, Budget/Appropriations, Environment/Superfund, Clean Air and Water (quality), Homeland Security, Financial Institutions/Investments/Securities, Insurance, Retirement.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
INSURED RETIREMENT INSTITUTE—District of Columbia16—
PLUMBING MANUFACTURERS INTERNATIONALPMI is the international trade association of plumbing products manufacturers.Illinois15$70K
ASSOCIATION OF METROPOLITAN WATER AGENCIES—District of Columbia15—
AMERICAN WATER WORKS ASSOCIATION—District of Columbia14—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
INSURED RETIREMENT INSTITUTE16—
ASSOCIATION OF METROPOLITAN WATER AGENCIES15—
POTOMAC GOVERNMENT RELATIONS, LLC15$70K
AMERICAN WATER WORKS ASSOCIATION14—

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
JOHN JENNINGS116
PAUL RICHMAN116
DANIEL HARTNETT115
MEGAN SEYMOUR115
STEPHANIE SALMON115
JESSICA TANNER114
NATHANIEL NORRIS114
KEVIN MORLEY112

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
INSURED RETIREMENT INSTITUTEINSURED RETIREMENT INSTITUTE2025 fourth_quarter$240K4th Quarter - Report
AMERICAN WATER WORKS ASSOCIATIONAMERICAN WATER WORKS ASSOCIATION2026 second_quarter$200K2nd Quarter - Report
INSURED RETIREMENT INSTITUTEINSURED RETIREMENT INSTITUTE2026 second_quarter$180K2nd Quarter - Report
INSURED RETIREMENT INSTITUTEINSURED RETIREMENT INSTITUTE2025 third_quarter$180K3rd Quarter - Report
INSURED RETIREMENT INSTITUTEINSURED RETIREMENT INSTITUTE2026 first_quarter$170K1st Quarter - Report
INSURED RETIREMENT INSTITUTEINSURED RETIREMENT INSTITUTE2025 second_quarter$170K2nd Quarter - Report
INSURED RETIREMENT INSTITUTEINSURED RETIREMENT INSTITUTE2025 first_quarter$170K1st Quarter - Report
ASSOCIATION OF METROPOLITAN WATER AGENCIESASSOCIATION OF METROPOLITAN WATER AGENCIES2026 second_quarter$120K2nd Quarter - Report
ASSOCIATION OF METROPOLITAN WATER AGENCIESASSOCIATION OF METROPOLITAN WATER AGENCIES2026 first_quarter$110K1st Quarter - Report
ASSOCIATION OF METROPOLITAN WATER AGENCIESASSOCIATION OF METROPOLITAN WATER AGENCIES2025 fourth_quarter$100K4th Quarter - Report
ASSOCIATION OF METROPOLITAN WATER AGENCIESASSOCIATION OF METROPOLITAN WATER AGENCIES2025 third_quarter$100K3rd Quarter - Report
ASSOCIATION OF METROPOLITAN WATER AGENCIESASSOCIATION OF METROPOLITAN WATER AGENCIES2025 second_quarter$90K2nd Quarter - Report
AMERICAN WATER WORKS ASSOCIATIONAMERICAN WATER WORKS ASSOCIATION2025 third_quarter$70K3rd Quarter - Report
AMERICAN WATER WORKS ASSOCIATIONAMERICAN WATER WORKS ASSOCIATION2026 first_quarter$50K1st Quarter - Report
AMERICAN WATER WORKS ASSOCIATIONAMERICAN WATER WORKS ASSOCIATION2025 fourth_quarter$50K4th Quarter - Report
PLUMBING MANUFACTURERS INTERNATIONALPOTOMAC GOVERNMENT RELATIONS, LLC2026 second_quarter$14K2nd Quarter - Report
PLUMBING MANUFACTURERS INTERNATIONALPOTOMAC GOVERNMENT RELATIONS, LLC2026 first_quarter$14K1st Quarter - Report
PLUMBING MANUFACTURERS INTERNATIONALPOTOMAC GOVERNMENT RELATIONS, LLC2025 fourth_quarter$14K4th Quarter - Report
PLUMBING MANUFACTURERS INTERNATIONALPOTOMAC GOVERNMENT RELATIONS, LLC2025 third_quarter$14K3rd Quarter - Report
PLUMBING MANUFACTURERS INTERNATIONALPOTOMAC GOVERNMENT RELATIONS, LLC2025 second_quarter$14K2nd Quarter - Report

Classification

The Congressional Research Service files S. 2007 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 2007’s is Taxation.

s2007/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com