House Transportation Committee leaders on Wednesday unveiled a water infrastructure funding bill that would explore the possibilities of a new tax-exempt bond program and encourage public-private partnerships.

The Water Resources Reform and Development Act of 2013 (HR 3080) is sponsored by Transportation Committee chairman Bill Shuster, R-Pa., as well as ranking Democrat Nick Rahall, D-W.Va., water resources subcommittee chairman Bob Gibbs, R-Ohio, and subcommittee ranking minority member Tim Bishop, D-N.Y. The bill primarily authorizes the activities and funding of the Army Corps of Engineers, which maintains U.S. ports and waterways, but also includes studies and pilot programs that could lead to tax-exempt financing.

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