Financing Lead Out of Water Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2007 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2007 To amend the Internal Revenue Code of 1986 to modify the private business use requirements for bonds issued for lead service line replacement projects. _______________________________________________________________________ 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Financing Lead Out of Water Act of 2025''. SEC. 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 fo…