Restoring WIFIA Eligibility Act

Bill: 117-hr-3023
Sponsor: full_name: Rep. Costa, Jim [D-CA-16]
Introduced: 2021-05-07
Policy area: Water Resources Development
Latest action: action_date: 2021-05-14
text: Sponsor introductory remarks on measure. (CR H2345)

Summaries:
action_date: 2021-05-07
action_desc: Introduced in House
text: <p><strong>Restoring WIFIA Eligibility Act</strong></p> <p>This bill modifies the budgetary treatment of certain financial assistance provided to nonfederal entities under the Water Infrastructure Finance and Innovation Act (WIFIA) program. </p>

tv_txt: I 117th CONGRESS 1st Session H. R. 3023 IN THE HOUSE OF REPRESENTATIVES May 7, 2021 Mr. Costa (for himself and Mr. Curtis ) introduced the following bill; which was referred to the Committee on Transportation and Infrastructure , and in addition to the Committee on Energy and Commerce , 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 Water Infrastructure Finance and Innovation Act of 2014 with respect to budgetary treatment of certain amounts of financial assistance, and for other purposes.

1. Short title This Act may be cited as the Restoring WIFIA Eligibility Act . 2. Budgetary treatment of certain amounts of financial assistance Subtitle C of title V of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3901 et seq.) is amended by adding at the end the following: 5036. Budgetary treatment of certain amounts of financial assistance If the recipient of financial assistance for a project under this subtitle is an eligible entity other than a Federal entity, agency, or instrumentality, and the dedicated sources of repayment of that financial assistance are non-Federal revenue sources, such financial assistance shall, for purposes of budgetary treatment under the Federal Credit Reform Act of 1990 ( 2 U.S.C. 661 et seq.)— (1) be deemed to be non-Federal; and (2) be treated as a direct loan or loan guarantee (as such terms are defined, respectively, in such Act). .