H.R. 3035: Restoring WIFIA Eligibility Act
This bill, titled the **Restoring WIFIA Eligibility Act**, aims to amend the Water Infrastructure Finance and Innovation Act (WIFIA) of 2014. The modifications focus specifically on how certain financial assistance is handled in federal budgeting. Here’s a breakdown of its key components:
1. Financial Assistance Eligibility
The bill changes the eligibility rules for receiving financial assistance for water infrastructure projects. It states that if a recipient of these funds is not a federal entity, agency, or instrumentality (meaning it is a state, local, or private entity), and the funds being repaid come from non-federal sources, then the financial assistance should be classified as non-federal for budgetary purposes.
2. Budgetary Treatment Change
Under current regulations, financial assistance might be included in federal budget calculations. This bill ensures that:
- The financial assistance is treated as non-federal.
- It is classified as a direct loan or loan guarantee, according to definitions outlined in the Federal Credit Reform Act of 1990.
3. Impact on Water Infrastructure Projects
By making these financial changes, the bill aims to streamline the process for state and local entities to access necessary funding for water projects. This could encourage investment in critical infrastructure to manage water resources effectively, particularly through non-federal funding sources.
4. Purpose of the Bill
The overarching goal of the Restoring WIFIA Eligibility Act is to enhance the financing options available for water infrastructure projects, thereby promoting the maintenance and development of essential water services across the country.
Relevant Companies
- XYL - Xylem Inc. may be directly impacted as they provide water technology solutions and may benefit from increased funding for infrastructure projects.
- ADM - Archer-Daniels-Midland Company could be affected, as agricultural companies often rely on efficient water systems for irrigation and processing.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
4 bill sponsors
Actions
3 actions
| Date | Action |
|---|---|
| Apr. 28, 2025 | Introduced in 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. |
| Apr. 28, 2025 | Referred to the Subcommittee on Water Resources and Environment. |
Corporate Lobbying
0 companies lobbying
None found.
* Note that there can be significant delays in lobbying disclosures, and our data may be incomplete.
