Restoring WIFIA Eligibility Act

HR 2671, the Restoring WIFIA Eligibility Act, changes how certain water infrastructure project funding is counted in federal budget calculations. It specifies that financial assistance under the Water Infrastructure Finance and Innovation Act (WIFIA) for projects run by non-Federal entities (like cities or private companies) using non-Federal revenue for repayment must be treated as a direct loan or loan guarantee for budget purposes. This adjustment makes these projects count toward federal loan programs rather than direct spending, potentially easing budgetary constraints for funding water infrastructure. The bill directly affects state and local governments, utilities, and private entities seeking WIFIA funding for water projects.