Restoring WIFIA Eligibility Act

HR 3035, the Restoring WIFIA Eligibility Act, changes how certain water infrastructure loans are counted in federal budget calculations. It ensures that projects funded through the WIFIA program (which provides financing for water infrastructure) are treated as direct loans or loan guarantees for budget purposes, rather than as subsidies, when repayment comes from non-Federal sources like user fees. This applies specifically to non-Federal entities (such as state or local water agencies) receiving WIFIA assistance. The bill does not alter who qualifies for WIFIA funding but clarifies its budgetary treatment under federal accounting rules. This change affects how the government tracks and reports these loans in its budget.