The Clean Water SRF Parity Act of 2024 expands eligibility for federal water pollution control loans through state revolving funds to include qualified nonprofit organizations and private water treatment facilities. Under the bill, nonprofits can receive assistance for constructing, acquiring, or improving water treatment works, while private treatment facility owners can access funds for improvements, efficiency measures, and other upgrades—but only when annual appropriations exceed $1,638,861,000. The bill requires that any assistance to private facilities must primarily benefit the customers they serve rather than shareholders or owners. These new eligibility categories represent changes to how existing federal water infrastructure funding can be distributed, though the bill does not specify new funding amounts or implementation timelines.