This Act may be cited as the Restoring WIFIA Eligibility Act of 2025.

The Water Infrastructure Finance and Innovation Act of 2014 (33 U.S.C. 3901 et seq.U.S. Code — Title 33, Section 3901 and followingView official source on GovInfo) is amended by adding at the end the following: 5037. Budgetary treatment of certain amounts of financial assistance If the recipient of financial assistance for a project under this subtitle is an eligible entity other than a Federal entity, agency, or instrumentality, and the dedicated sources of repayment of that financial assistance are non-Federal revenue sources, the financial assistance shall, for purposes of budgetary treatment under the Federal Credit Reform Act of 1990 (2 U.S.C. 661 et seq.U.S. Code — Title 2, Section 661 and followingView official source on GovInfo)— (1) be deemed to be non-Federal; and (2) be treated as a direct loan or loan guarantee (as those terms are defined in section 502 of that Act (2 U.S.C. 661aU.S. Code — Title 2, Section 661aView official source on GovInfo))..