3.0.0 2778 2023-01-11T13:16:41Z 2023-01-11T13:16:41Z Senate S S 2009-11-16 111 ssev00 Environment and Public Works Committee Senate Standing Reported by 2010-01-20T19:39:22Z Markup by 2009-11-18T16:08:00Z Referred to 2009-11-16T23:53:46Z S. Rept. 111-114 Economic Development Administration Reauthorization Act of 2009 111 430 S 2009-02-12 Read twice and referred to the Committee on Environment and Public Works. (text of measure as introduced: CR S2243-2244) Related bill CRS 2010-01-20 Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 254. Calendars 2010-01-20 ssev00 Environment and Public Works Committee Senate Committee on Environment and Public Works. Reported by Senator Boxer with amendments. With written report No. 111-114. Committee 2010-01-20 Committee on Environment and Public Works. Reported by Senator Boxer with amendments. With written report No. 111-114. Committee 14000 9 Library of Congress ssev00 Environment and Public Works Committee 2009-11-18 ssev00 Environment and Public Works Committee Senate Committee on Environment and Public Works. Ordered to be reported with an amendment favorably. Committee 2009-11-16 ssev00 Environment and Public Works Committee Senate Read twice and referred to the Committee on Environment and Public Works. IntroReferral 2009-11-16 Introduced in Senate IntroReferral 10000 9 Library of Congress B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA N I000024 Sen. Inhofe, James M. [R-OK] Jim Inhofe R OK 2009-11-16 True B000243 Sen. Baucus, Max [D-MT] MAX BAUCUS D MT SIEBEN 2009-11-16 True V000126 Sen. Voinovich, George V. [R-OH] GEORGE VOINOVICH R OH V. 2009-11-16 True M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2009-11-16 True V000127 Sen. Vitter, David [R-LA] David Vitter R LA 2009-11-16 True G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2010-06-07 False 2009-12-10T17:00:00Z S. 2778, Economic Development Revitalization Act of 2009 http://www.cbo.gov/publication/41854 <p>Cost estimate for the bill as ordered reported by the Seante Committee on Environment and Public Works on November 18, 2009</p> 2009-12-10T17:00:00Z S. 2778, Economic Development Revitalization Act of 2009 https://www.cbo.gov/publication/41854 Cost estimate for the bill as ordered reported by the Seante Committee on Environment and Public Works on November 18, 2009 Economics and Public Finance Alternative and renewable resources Business investment and capital Department of Commerce Disaster relief and insurance Economic development Economic performance and conditions Energy storage, supplies, demand Executive agency funding and structure Government lending and loan guarantees Hazardous wastes and toxic substances Land use and conservation Manufacturing Montana Rural conditions and development Unemployment Urban and suburban affairs and development Economics and Public Finance 00 2009-11-16 Introduced in Senate 2009-11-24T21:10:53Z

Economic Development Revitalization Act of 2009 - Amends the Public Works and Economic Development Act of 1965 to authorize appropriations for economic development assistance programs under such Act for FY2009-FY2013.

Includes within the definition of "Regional Commissions" the Southeast Crescent Regional Commission, the Northern Border Regional Commission, and the Southwest Border Regional Commission.

Modifies provisions regarding grants for planning and administrative expenses for public works and economic development to authorize funding for fostering regional collaboration among local jurisdictions and organizations. Requires each state receiving assistance to provide a copy of each annual report to each economic development district within the state.

Limits the federal share to 50% for public works and economic development grants, with a specified increased federal share: (1) based on the relative needs of an area (e.g., the unemployment rate and the impact of severe outmigration, sudden and severe economic dislocations, and other related economic circumstances); and (2) in the case of a federally declared major disaster.

Allows: (1) training, research, and technical grant assistance to be used for a peer exchange program to promote industry-leading practices and innovations relating to the organizational development, program delivery, and regional initiatives of economic development districts; and (2) economic adjustment grant assistance to be used for activities identified by communities whose economies are injured by the loss of natural resource-based, agricultural, or service sector (currently, manufacturing) jobs.

Authorizes the Secretary to solicit comments periodically regarding the guidelines and performance requirements for the revolving loan fund program and recommendations for improving performance.

Authorizes a recipient of an economic adjustment grant who determines that a revolving loan fund established using such assistance is no longer needed, or that the recipient could make better use of the assistance to carry out another project that meets the requirements of the Act, to request the Secretary to approve conversion of the assistance by: (1) selling fund assets to a third party; or (2) retaining repayments of principal and interest on loans provided through the fund. Requires such a recipient to use the net proceeds from a sale of assets to pay any portion of the costs of projects that meet Act requirements.

Authorizes the Secretary to allocate not more than 2% of the amounts made available for economic adjustment grants for development and maintenance of an automated tracking and monitoring system to ensure the proper operation and financial integrity of the revolving loan program.

Extends appropriations for the Brightfields demonstration program through FY2013.

Directs each economic development district to engage in the full range of economic development activities included in the list contained in the comprehensive economic development strategy of the district that has been approved by the Economic Development Administration.

Authorizes the Secretary to consult with any persons who can assist in addressing the problems of area and regional outmigration.

Declares that the state of Montana shall be served by the Seattle office of the Economic Development Administration.

Directs the Secretary, before providing investment assistance for a construction project, to establish the expected period during which: (1) the recipient shall make best efforts to achieve economic development objectives; (2) any property that is acquired or improved shall be held in trust for the project's benefit; and (3) the Secretary shall retain an undivided equitable reversionary interest in the property. Authorizes the Secretary to terminate the reversionary interest when the recipient has fulfilled its obligations, taking into consideration the economic conditions. Provides for an alternative method of termination.

Increases the minimum level of funding for planning and grants for administrative expenses, subject to total appropriations.

]]> 01 2010-01-20 Reported to Senate with amendment(s) 2010-01-22T20:52:55Z Economic Development Revitalization Act of 2008 - (Sec. 1) Amends the Public Works and Economic Development Act of 1965 to authorize appropriations for economic development assistance programs under such Act for FY2009-FY2013.

(Sec. 3) Includes within the definition of "Regional Commissions" the Southeast Crescent Regional Commission, the Northern Border Regional Commission, and the Southwest Border Regional Commission.

(Sec. 4) Includes: (1) economic development districts and university centers among the entities to which the Secretary of Commerce may provide technical assistance to ensure compatibility between federal and state and local economic development plans; and (2) promoting investment in innovation, entrepreneurship, and sustainable development to keep pace with the changing global economy among the purposes for which such assistance may be provided.

(Sec. 5) Modifies provisions regarding grants for planning and administrative expenses for public works and economic development to authorize funding for fostering regional collaboration among local jurisdictions and organizations. Requires each state receiving assistance to provide a copy of each annual report to each economic development district within the state.

(Sec. 6) Limits the federal share to 50% for public works and economic development grants, with a specified increased federal share: (1) based on the relative needs of an area (e.g., the unemployment rate and the impact of severe outmigration, sudden and severe economic dislocations, and other related economic circumstances)(up to 80% funding); and (2) in the case of a federally declared major disaster (up to 100% funding).

(Sec. 7) Authorizes the use of training, research, and technical grants: (1) where useful in alleviating or preventing outmigration, underemployment, or in assisting in the location of information technology and manufacturing jobs in the United States; and (2) for a peer exchange program to promote industry-leading practices and innovations relating to the organizational development, program delivery, and regional initiatives of economic development districts.

(Sec. 8) Authorizes economic adjustment grant assistance to include assistance for communities the economies of which are injured by the loss of information technology, manufacturing, natural resource-based, agricultural, or service sector jobs (currently, the loss of manufacturing jobs) for reinvesting in and diversifying such economies.

Authorizes the Secretary to periodically solicit comments regarding the guidelines and performance requirements for the revolving loan fund program and recommendations for improving the performance of the program and grantees under the program from: (1) the public; and (2) revolving loan fund grantees, national experts, and employees of federal agencies with knowledge of international, national, regional, and statewide trends, innovations, and noteworthy practices relating to business development finance, including public and private lending and technical assistance intermediaries.

Authorizes a recipient of an economic adjustment grant who determines that a revolving loan fund established using such assistance is no longer needed, or that the recipient could make better use of the assistance to carry out another project that meets the requirements of the Act, to request the Secretary to approve conversion of the assistance by: (1) selling fund assets to a third party; or (2) retaining repayments of principal and interest on loans provided through the fund. Requires such a recipient to use the net proceeds from a sale of assets to pay any portion of the costs of one or more projects that meet Act requirements.

Authorizes the Secretary to allocate not more than 2% of the amounts made available for grants under this section for development and maintenance of an automated tracking and monitoring system to ensure the proper operation and financial integrity of the revolving loan program.

(Sec. 9) Extends appropriations for the Brightfields demonstration program through FY2013.

(Sec. 10) Directs each economic development district to engage in the full range of economic development activities included in the list contained in the comprehensive economic development strategy of the district that has been approved by the Economic Development Administration.

(Sec. 11) Authorizes the Secretary to consult with any persons who can assist in addressing the problems of area and regional outmigration.

(Sec. 12) Declares that the state of Montana shall be served by the Seattle office of the Economic Development Administration.

(Sec. 13) Directs the Secretary, before providing investment assistance for a construction project, to establish the expected period during which the assistance recipient shall make best efforts to achieve the economic development objectives of the assistance. Requires, during that period: (1) any property that is acquired or improved using investment assistance under the Act to be held in trust for the project's benefit; and (2) the Secretary to retain an undivided equitable reversionary interest in the property.

Authorizes the Secretary to terminate the reversionary interest in any applicable property on the date the Secretary determines that a recipient has fulfilled the recipient's obligations, taking into consideration the economic conditions. Provides for an alternative method of termination.

(Sec. 15) Increases the minimum level of funding for planning and grants for administrative expenses, subject to total appropriations.

]]> Economic Development Revitalization Act of 2009 Display Title Economic Development Revitalization Act of 2009 Official Title as Introduced A bill to amend the Public Works and Economic Development Act of 1965 to reauthorize that Act, and for other purposes. Introduced in Senate IS Short Titles as Introduced Economic Development Revitalization Act of 2009 Short Titles as Reported to Senate Economic Development Revitalization Act of 2009 S Senate Reported to Senate 2010-01-20T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s2778rs/xml/BILLS-111s2778rs.xml Introduced in Senate 2009-11-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s2778is/xml/BILLS-111s2778is.xml 2010-01-20 Placed on Senate Legislative Calendar under General Orders. Calendar No. 254. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.