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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
- Amends the Water Infrastructure Finance and Innovation Act of 2014 to modify the budgetary treatment of financial assistance provided under the Act.
- Specifies that WIFIA assistance provided to non-Federal eligible entities with non-Federal revenue sources for repayment shall be treated as non-Federal for purposes of the Federal Credit Reform Act of 1990.
- Reclassifies such assistance as direct loans or loan guarantees under the Federal Credit Reform Act of 1990 for federal budgetary accounting purposes.
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)
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![Sen. Curtis, John R. [R-UT]](https://media.civicgate.org/people/d/politicians/C001114.thumb.jpg)
Sen. Curtis, John R. (R-UT)
1 cosponsor
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![Sen. Kelly, Mark [D-AZ]](https://media.civicgate.org/people/d/politicians/K000377.thumb.jpg)
Sen. Kelly, Mark (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)
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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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