A bill to sunset the Economic Development Administration, to repeal the Public Works and Economic Development Act of 1965, and for other purposes.
Economic Development Administration Sunset Act of 1985 - Repeals the Public Works and Economic Development Act of 1965 (grants for public works projects), the Local Public Works Capital Development and Investment Act (public works employment), and title I of the Community Emergency Drought Relief Act of 1977 (community disaster relief loans) to terminate the Economic Development Administration of the Department of Commerce.
Enables the Economic Development Revolving Fund to continue in existence to: (1) receive collections and repayments of assistance extended under the Public Works and Economic Development Act of 1965; and (2) pay all obligations arising in connection with such Act. Directs the Secretary of Commerce to determine when the Fund is no longer needed and deposit any remaining moneys into the general fund of the Treasury.
Introduced in Senate
Read twice and referred to the Committee on Environment and Public Works.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line