Restarting Local Economies Act of 2013

Bill: 113-hr-3518
Sponsor: full_name: Rep. Swalwell, Eric [D-CA-15]
Introduced: 2013-11-15
Policy area: Economics and Public Finance
Subjects: Economic development

Housing and community development funding

State and local government operations
Latest action: action_date: 2013-11-18
text: Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.

Summaries:
action_date: 2013-11-15
action_desc: Introduced in House
text: <p>Restarting Local Economies Act of 2013 - Amends the Public Works and Economic Development Act of 1965 to: (1) authorize the use of grants for economic adjustment for activities identified by communities, the economies of which are injured by the closure of a local government entity that had an economic development mission and left obligations related to economic development projects unfulfilled when closed; and (2) authorize the Secretary of Commerce to increase the federal share for a grant to up to 100% of the cost of a project that assists such a community.</p>

tv_txt: I 113th CONGRESS 1st Session H. R. 3518 IN THE HOUSE OF REPRESENTATIVES November 15, 2013 Mr. Swalwell of California introduced the following bill; which was referred to the Committee on Transportation and Infrastructure , and in addition to the Committee on Financial Services , for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To amend the Public Works and Economic Development Act of 1965 with respect to grants for economic adjustment, and for other purposes.

1. Short title This Act may be cited as the Restarting Local Economies Act of 2013 . 2. Grants for economic adjustment (a) In general Section 209(c) of the Public Works and Economic Development Act of 1965 ( 42 U.S.C. 3149(c) ) is amended— (1) in paragraph (4) by striking or at the end; (2) in paragraph (5) by striking the period at the end and inserting ; or ; and (3) by adding at the end the following: (6) the closure of a local government entity that had an economic development mission and left obligations related to economic development projects unfulfilled when closed. . (b) Cost sharing Section 204(c) of the Public Works and Economic Development Act of 1965 ( 42 U.S.C. 3144(c) ) is amended by adding at the end the following: (4) Closure of local government economic development entity In the case of a grant provided under section 209, the Secretary may increase the Federal share above the percentage specified in subsection (a) up to 100 percent of the cost of the applicable project if the Secretary determines that the project assists a community with an economy injured by the closure of a local government entity that had an economic development mission and left obligations related to economic development projects unfulfilled when closed. .