Restoring WIFIA Eligibility Act of 2025

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1760 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
                                S. 1760

 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.


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                   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)).''.
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