S. 1760 — Introduced in Senate

II 119th CONGRESS 1st Session S. 1760 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. 1. Short title This Act may be cited as the Restoring WIFIA Eligibility Act of 2025. 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: 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)). .