Senate “Hotlines” Bill that Includes EDA Revolving Loan Fund Localization Language

Posted on: July 1st, 2016 by NADO Admin

The Senate has “hotlined” the Public Buildings Reform and Savings Act of 2016 (https://www NULL.congress NULL.pdf) (H.R. 4487) which was passed by the House in May.  “Hotlining” is an expedited process for moving non-controversial bills through the Senate.  A Senator can object to the bill itself or a provision included in the bill by placing a “hold” on the bill.  A “hold” may also be placed to allow for more time to consider the legislation and essentially pause the process.  A “hold” prevents the bill from moving to the Senate floor for consideration, but if concerns can be addressed and “holds” are lifted, it may proceed.

H.R. 4487 includes language that authorizes the U.S. Economic Development Administration (EDA) to release the federal government’s interest in connection with a grant not less than seven years after final disbursement of the grant.  Currently, grant recipients are required to comply with extensive federal reporting and audit requirements forever, even if those funds were first capitalized in the 1970s.  This reform is strongly supported by NADO because it will end burdensome and costly reporting requirements placed on local grant recipients.

There is no clear timeframe for when H.R. 4487 might make it to the Senate floor.  NADO will continue to monitor developments on this legislation and keep members informed of action taken.  Click here (http://www NULL.nado NULL.pdf) to view a summary of H.R. 4487 and here (https://www NULL.congress to view the full bill text.

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