Sponsors (40)
The bill preserves a steady $50 million-per-year federal funding stream for historic preservation and keeps nonprofits eligible through 2035, at the trade-off of locking in a fixed set-aside that reduces budget flexibility and will erode in real value if not adjusted for inflation.
State and local governments retain access to a $50 million annual Historic Preservation Fund set-aside through 2035, preserving a predictable funding source for preservation projects.
Nonprofits and community groups that run preservation programs remain eligible for the same annual funding through 2035, maintaining nonprofit access to federal preservation grants.
Communities, including rural areas, gain multi-year funding certainty through 2035, enabling better multi-year planning and execution of preservation and rehabilitation projects.
State and local governments and nonprofits may see the real value of the fixed $50 million annual funding decline over time because the level is not indexed to inflation through 2035.
Taxpayers will indirectly continue to shoulder the $50 million annual federal set-aside through 2035, which limits federal budget flexibility for other priorities.
Based on analysis of 2 sections of legislative text.
Extends the statutory authorization date for the Historic Preservation Fund through 2035 while keeping the $50,000,000 amount unchanged.
Extends the statutory authorization date for the Historic Preservation Fund to 2035 while keeping the annual amount at $50,000,000. The bill only changes the date in the existing statute and does not create new programs, change funding levels, or add new requirements.
Official title: To amend title 54, United States Code, to extend funding for the Historic Preservation Fund.
Introduced May 14, 2025 by Michael R. Turner · Last progress May 14, 2025