; (B) in paragraph (1)— (i) by striking Notwithstanding and inserting the following: (A) In general Notwithstanding ; and (ii) by adding at the end the following: (B) Innovative water technology Notwithstanding any other provision of this section, in the case of a State that makes a loan under subsection (a)(2) to carry out an eligible activity through the use of an innovative water technology (including technologies to improve water treatment to ensure compliance with this title and technologies to identify and mitigate sources of drinking water contamination, including lead contamination), the State may provide additional subsidization, including forgiveness of principal that is not more than 50 percent of the cost of the portion of the project associated with the innovative technology. ; (C) in paragraph (2)— (i) by striking For each fiscal year and inserting the following: (A) In general For each fiscal year ; and (ii) by adding at the end the following: (B) Innovative water technology For each fiscal year, not more than 20 percent of the loan subsidies that may be made by a State under paragraph (1) may be used to provide additional subsidization under subparagraph (B) of that paragraph. ; and (D) in paragraph (3), in the first sentence, by inserting , or portion of a service area, after service area ; and (2) by adding at the end the following: (s) Technical assistance The Administrator may provide technical assistance to facilitate and encourage the provision of financial assistance for the deployment of innovative water technologies. (t) Report Not later than 1 year after the date of enactment of the Water Technology Acceleration Act , and not less frequently than every 5 years thereafter, the Administrator shall submit to Congress a report that describes— (1) the amount of financial assistance provided by State loan funds to deploy innovative water technologies; (2) the barriers impacting greater use of innovative water technologies