H.R. 3035
119th CONGRESS 1st Session
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.
IN THE HOUSE OF REPRESENTATIVES · April 28, 2025 · Sponsor: Mr. Costa
Table of contents
SEC. 1. Short title
- This Act may be cited as the Restoring WIFIA Eligibility Act.
SEC. 2. Budgetary treatment of certain amounts of financial assistance
- Subtitle C of title V of the Water Infrastructure Finance and Innovation Act of 2014 () is amended by adding at the end the following: 33 U.S.C. 3901 et seq.
- 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.
- be deemed to be non-Federal; and
- be treated as a direct loan or loan guarantee (as such terms are defined, respectively, in such Act).
- 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.