This bill modifies how the federal government accounts for loans made through the Water Infrastructure Finance and Innovation Act (WIFIA), a program that provides financing for water infrastructure projects. Specifically, it changes the budgetary treatment of loans given to non-federal entities (like state and local governments or private organizations) when those loans are repaid using non-federal money sources. Under this change, such loans would be treated as regular direct loans rather than counted differently in federal budget calculations, potentially making more water infrastructure projects eligible for WIFIA financing. The bill affects state and local governments, water utilities, and other entities seeking federal support for water infrastructure improvements. The legislation was introduced in May 2025 and referred to the Senate Budget Committee but contains no specific funding amounts or implementation timelines in the text provided.
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