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Restoring WIFIA Eligibility Act of 2025
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 amends the Water Infrastructure Finance and Innovation Act of 2014 (WIFIA) to change how certain loans are treated for federal budgeting purposes. When a non-federal entity receives WIFIA financial assistance and repays it using non-federal revenue sources, the loan will be classified as a direct loan or loan guarantee under the Federal Credit Reform Act of 1990. This change in budgetary treatment may expand the eligibility of certain water infrastructure projects to receive WIFIA financing by altering how they are counted in the federal budget.
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)
- Sen. Curtis, John R. [R-UT] (R-UT)
1 cosponsor
- Sen. Kelly, Mark [D-AZ] (D-AZ)
Actions (2)
- May 14, 2025 Read twice and referred to the Committee on the Budget. · senate
- May 14, 2025 Introduced in Senate
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.
Full text
IN THE SENATE OF THE UNITED STATES
May 14, 2025
Mr. Curtis (for himself and Mr. Kelly) introduced the following bill; which was read twice and referred to the Committee on the Budget
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 of 2025”.
SEC. 2. BUDGETARY TREATMENT OF CERTAIN AMOUNTS OF FINANCIAL ASSISTANCE.
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, the 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 those terms are defined in section 502 of that Act (2 U.S.C. 661a)).”. <all>
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