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Restoring WIFIA Eligibility Act
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.
Summary
This bill would amend the Water Infrastructure Finance and Innovation Act of 2014 (WIFIA), which provides federal financing for water infrastructure projects. It adds a new provision specifying how certain financial assistance to non-Federal entities should be treated for federal budgetary purposes under the Federal Credit Reform Act of 1990. When a non-Federal entity receives WIFIA assistance and repays it through non-Federal revenue sources, that assistance would be deemed non-Federal and treated as a direct loan or loan guarantee for budgetary accounting purposes. This change affects how such loans are classified and counted in federal budget documents.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Costa, Jim [D-CA-21] (D-CA)
3 cosponsors
Money behind the sponsor
Top reported contributors to Jim Costa’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $25,300
- CALIFORNIA STRATEGIES $13,900
- FORHAN COMPANY $13,200
- SAN JOAQUIN VALLEY COLLEGE $11,300
- CDM $7,300
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Jim Costa → · Outside spending →
Actions (3)
- Apr 28, 2025 Referred to the Subcommittee on Water Resources and Environment. · house
- Apr 28, 2025 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. · house
- Apr 28, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
April 28, 2025
Mr. Costa (for himself and Mr. Newhouse) introduced the following bill; which was 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
A BILL
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 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 (33 U.S.C. 3901 et seq.) is amended by adding at the end the following:
“SEC. 5037. BUDGETARY TREATMENT OF CERTAIN AMOUNTS OF FINANCIAL ASSISTANCE.
“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.)—
“(1) be deemed to be non-Federal; and
“(2) be treated as a direct loan or loan guarantee (as such terms are defined, respectively, in such Act).”. <all>
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