Industrial Revenue Bond Forward Commitment Program Amendment Act of 2025
The Industrial Revenue Bond Forward Commitment Program Amendment Act of 2025 removes a $850 million cap on the total value of industrial revenue bonds the District can issue and shortens application review times from 30 to 10 days. It also broadens the program to cover more types of development projects, including those authorized under the Home Rule Act. These changes aim to help businesses and developers in the District secure financing faster for industrial, commercial, and other eligible projects. The bill directly affects organizations seeking bond-funded development and streamlines the District's revenue bond approval process.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 25, 2025
Last action Mar 3, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
3
Mar 3, 2026
Committee
Re-Referred to Committee of the Whole
legislature
Feb 27, 2026
Committee
Re-Referral published.
legislature
Apr 1, 2025
Committee
Referred to Committee on Business and Economic Development
legislature
Mar 25, 2025
Introduced
B26-0205 Introduced by Chairman Mendelson at Office of the Secretary
legislature
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Phil Mendelson
DDemocratic
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