[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3023 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 3023

 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

                              May 7, 2021

 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 consideration 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 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''.

SEC. 2. BUDGETARY TREATMENT OF CERTAIN AMOUNTS OF FINANCIAL ASSISTANCE.

    Subtitle C of title V of 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. 5036. 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, such 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 
        such terms are defined, respectively, in such Act).''.
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