Summary

Changes how certain WIFIA financial assistance is counted for federal budget purposes: when the project borrower is a non‑Federal eligible entity and the repayment sources are non‑Federal revenue, that assistance must be treated, for budget scoring under the Federal Credit Reform Act (FCRA), as non‑Federal and as a direct loan or loan guarantee per FCRA definitions. The bill does not authorize new funding or change program eligibility or regulatory requirements. The main practical effect is on budget accounting and scorekeeping (how loans are classified by OMB/CBO). This can alter how WIFIA loans appear in federal credit estimates and may affect fiscal reporting and perceptions of federal exposure, with downstream effects for non‑Federal borrowers, lenders, and budget analysts.

• Specifies budgetary classification for WIFIA assistance when borrower and repayment sources are non‑Federal.
• Requires such WIFIA financial assistance to be treated as non‑Federal and as a direct loan or loan guarantee under FCRA for budget purposes.
• Does not authorize new funding, change eligibility, or impose regulatory requirements on borrowers.
• Alters how federal credit exposure and subsidy costs for qualifying projects are reported by OMB/CBO.
• Primarily affects non‑Federal borrowers (local governments, utilities, private project sponsors) and federal budget/accounting offices.
• May change perceptions of federal exposure and therefore influence lender behavior or project structuring, though it does not directly change program operations.
• Contains only two short sections and is focused on a technical, accounting change rather than substantive program changes.
• No earmarks, tax changes, or emergency spending provisions are included.