1. Short title This Act may be cited as the Protecting Infrastructure and Promoting the Economy Act or the PIPE Act . 2. Drinking water and wastewater infrastructure discretionary grant program (a) Definitions In this section: (1) Administrator The term Administrator means the Administrator of the Environmental Protection Agency. (2) Program The term program means the drinking water and wastewater infrastructure discretionary grant program established under subsection (b). (b) Establishment of program Not later than 1 year after the date of enactment of this Act, the Administrator shall establish a drinking water and wastewater discretionary grant program to provide grants on a competitive basis to eligible entities for investments in drinking water and wastewater infrastructure projects. (c) Eligible entities An entity eligible to receive a grant under the program is— (1) a State; (2) a unit of local government; (3) a federally recognized Indian Tribe; or (4) a public or nonprofit water utility. (d) Eligible projects A project eligible to be carried out with funds under the program includes— (1) one or more activities that are eligible for assistance under section 603(c) of the Federal Water Pollution Control Act ( 33 U.S.C. 1383(c) ); (2) one or more activities described in section 1452(a)(2) of the Safe Drinking Water Act ( 42 U.S.C. 300j–12(a)(2) )