I 112th CONGRESS 1st Session H. R. 3090 IN THE HOUSE OF REPRESENTATIVES October 4, 2011 Mr. Pompeo introduced the following bill; which was referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Financial Services, 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 A BILL To terminate the Economic Development Administration, and for other purposes.

1.

Short title

This Act may be cited as the EDA Elimination Act of 2011.

2.

Termination of Economic Development Administration

(a)

Termination

The Economic Development Administration is terminated. (b)

Repeal

The Public Works and Economic Development Act of 1965 (42 U.S.C. 3121 et seq.) is repealed. (c)

Conclusion of business

The Secretary of Commerce shall take such actions as may be necessary and appropriate to conclude the outstanding affairs of the Economic Development Administration, including dispositions of personnel, assets, and obligations. (d)

Limitation on statutory construction

This section may not be construed to prevent the expenditure of any funds received before the effective date of this Act. Such funds shall be subject to the laws and regulations that would have applied to the funds if this section had not been enacted.

3.

Effective date

This Act shall take effect on the first day of the first fiscal year beginning after the date of enactment of this Act.