Plain English summary not yet available
The full original text is available below. Check back soon as we process this bill.
I
118TH CONGRESS
1ST SESSION H. R. 2671
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 18, 2023
Mr. COSTA (for himself and Mr. CURTIS) 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 consider-
ation 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 cer-
tain amounts of financial assistance, and for other pur-
poses.
Be it enacted by the Senate and House of Representa-
1
tives of the United States of America in Congress assembled,
2
SECTION 1. SHORT TITLE.
3
This Act may be cited as the ‘‘Restoring WIFIA Eli-
4
gibility Act’’.
5
VerDate Sep 11 2014
21:29 Apr 23, 2023
Jkt 039200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H2671.IH
H2671
pbinns on DSKJLVW7X2PROD with $$_JOB
2
•HR 2671 IH
SEC. 2. BUDGETARY TREATMENT OF CERTAIN AMOUNTS
1
OF FINANCIAL ASSISTANCE.
2
Subtitle C of title V of the Water Infrastructure Fi-
3
nance and Innovation Act of 2014 (33 U.S.C. 3901 et
4
seq.) is amended by adding at the end the following:
5
‘‘SEC.
5036.
BUDGETARY
TREATMENT
OF
CERTAIN
6
AMOUNTS OF FINANCIAL ASSISTANCE.
7
‘‘If the recipient of financial assistance for a project
8
under this subtitle is an eligible entity other than a Fed-
9
eral entity, agency, or instrumentality, and the dedicated
10
sources of repayment of that financial assistance are non-
11
Federal revenue sources, such financial assistance shall,
12
for purposes of budgetary treatment under the Federal
13
Credit Reform Act of 1990 (2 U.S.C. 661 et seq.)—
14
‘‘(1) be deemed to be non-Federal; and
15
‘‘(2) be treated as a direct loan or loan guar-
16
antee (as such terms are defined, respectively, in
17
such Act).’’.
18
Æ
VerDate Sep 11 2014
21:29 Apr 23, 2023
Jkt 039200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6301
E:\BILLS\H2671.IH
H2671
pbinns on DSKJLVW7X2PROD with $$_JOB