1. Short title This Act may be cited as the Water Technology Acceleration Act . 2. Innovative water technology grant program (a) Definitions In this section: (1) Administrator The term Administrator means the Administrator of the Environmental Protection Agency. (2) Eligible entity The term eligible entity means— (A) a public utility, including publicly owned treatment works and clean water systems; (B) a unit of local government, including a municipality or a joint powers authority; (C) a private entity, including a farmer or manufacturer; (D) an institution of higher education; (E) a research institution or foundation; (F) a State; (G) a regional organization; or (H) a nonprofit organization. (b) Grant program authorized The Administrator shall carry out a grant program for the purposes described in subsection (c) to accelerate the development of innovative water technologies that address pressing water challenges. (c) Grants In carrying out the program under subsection (b), the Administrator shall make to eligible entities grants that— (1) finance projects to develop, deploy, test, and improve emerging water technologies; (2) fund entities that provide technical assistance to deploy innovative water technologies more broadly, especially— (A) to increase adoption of innovative water technologies in— (i) municipal drinking water and wastewater treatment systems; (ii) areas served by private wells; or (iii) water supply systems in arid areas that are experiencing, or have recently experienced, prolonged drought conditions; and (B) in a manner that reduces ratepayer or community costs over time, including the cost of future capital investments; or (3) support technologies that, as determined by the Administrator— (A) improve water quality of a water source; (B) improve the safety and security of a drinking water delivery system; (C) minimize contamination of drinking water and drinking water sources, including contamination by lead, bacteria, chlorides, and nitrates