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Introduced on January 31, 2025 by Ken Calvert
This bill creates a new interest‑earning account in the U.S. Treasury to hold non‑federal money for the Lower Colorado River Multi‑Species Conservation Program. Past and future State Party contributions are deposited into this account. Money not needed right away can be invested in interest‑earning U.S. government securities, and any interest stays with the account.
The program can use the main contributions for its work without another vote from Congress, following the program’s official documents. Interest earnings can be used only if Congress provides funding for that purpose. Previously contributed funds must be moved into the new account within 90 days after the law takes effect, and new contributions are moved in as they arrive. States are not responsible for any investment losses .