Last progress April 28, 2025 (7 months ago)
Introduced on April 28, 2025 by Jim Costa
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.
This bill changes how certain water project loans are counted in the federal budget. If a city, county, tribe, water district, or other non-federal group gets a WIFIA loan and pays it back using non-federal money (like local water rates or local taxes), that help is counted as non-federal and treated like a regular direct loan or loan guarantee under federal credit rules.
In plain terms, it says: when local or state-led water projects borrow through WIFIA and repay with their own funds, the federal budget should treat that assistance as non-federal financing, not as a federal grant or similar aid.