EDA Elimination Act of 2015

Bill: 114-hr-661
Sponsor: full_name: Rep. Pompeo, Mike [R-KS-4]
Introduced: 2015-02-02
Policy area: Economics and Public Finance
Subjects: Department of Commerce

Economic development

Executive agency funding and structure
Latest action: action_date: 2015-02-03
text: Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.

Summaries:
action_date: 2015-02-02
action_desc: Introduced in House
text: <p><b>EDA Elimination Act of 2015</b></p> <p>Terminates the Economic Development Administration (EDA).</p> <p>Repeals the Public Works and Economic Development Act of 1965. </p> <p>Directs the Secretary of Commerce to take such actions as necessary and appropriate to conclude the outstanding affairs of the EDA, including dispositions of personnel, assets, and obligations.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 661 IN THE HOUSE OF REPRESENTATIVES February 2, 2015 Mr. Pompeo (for himself, Mr. McClintock , and Mr. Westmoreland ) 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 terminate the Economic Development Administration, and for other purposes.

1. Short title This Act may be cited as the EDA Elimination Act of 2015 . 2. Termination of Economic Development Administration (a) Termination The Economic Development Administration is terminated. (b) Repeal The Public Works and Economic Development Act of 1965 ( 42 U.S.C. 3121 et seq. ) is repealed. (c) Conclusion of business The Secretary of Commerce shall take such actions as may be necessary and appropriate to conclude the outstanding affairs of the Economic Development Administration, including dispositions of personnel, assets, and obligations. (d) Limitation on statutory construction This section may not be construed to prevent the expenditure of any funds received before the effective date of this Act. Such funds shall be subject to the laws and regulations that would have applied to the funds if this section had not been enacted. 3. Effective date This Act shall take effect on the first day of the first fiscal year beginning after the date of enactment of this Act.