HR 4534 · 102th Congress · Transportation and Public Works
Economic Development Administration Sunset Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Subcommittee Hearings Held.(1992-07-09)
Plain Language Summary
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Economic Development Administration Sunset Act - Abolishes the Economic Development Administration (Administration). Repeals the Public Works and Economic Development Act of 1965 and the Local Public Works Capital Development and Investment Act of 1976. Requires the Secretary of Commerce to conclude the Administration's affairs and authorizes the Secretary to fulfill the terms of any agreement, loan, or obligation authorized by the repealed Acts. Provides for the continuance of the Economic Development Revolving Fund for purposes of receiving collections and repayments and fulfilling obligations under the repealed Acts. Abolishes the Fund when the Secretary determines that it is no longer necessary to carry out such activities. Authorizes appropriations.…
Summarized by Claude AI · Non-partisan · For informational purposes only