A bill to amend the Public Works and Economic Development Act of 1965 to extend the authorizations for a 2-year period.
Latest action. Measure indefinitely postponed in Senate, H.R. 14883 passed in lieu.
(LATEST SUMMARY) Provides up to $300,000,000 for each of the fiscal years 1975 and 1976 under the Public Works and Economic Development Act of 1965. Authorizes up to $30,000,000 for each of fiscal years 1975 and 1976 for grants for operation of any health or educational project under such Act. Authorizes $100,000,000 for each of fiscal years 1975 and 1976 for business development assistance under the Act. Authorizes the Secretary of Commerce to aid in financing the purchase or development of land and facilities for industrial or commercial usage, including the construction of new buildings, the rehabilitation of abandoned or unoccupied buildings, and the alteration, conversion or enlargement of existing buildings by: (1) purchasing evidences of indebtedness; (2) making loans; and (3) guaranteeing loans made to private borrowers by private lending institutions up to 90 percent of the unpaid balance. Authorizes the Secretary to make: (1) working capital loans; (2) guarantee such loans up to 90 percent of the unpaid balance; and (3) guarantee rental payment of leases for buildings and equipment up to 90 percent of remaining rental payments. Authorizes the Secretary of Commerce to make direct grants to cities or other political subdivisions to pay up to 80 percent of the cost of economic development planning under the Act. Authorizes $25,000,000 for each of fiscal years 1975 and 1976 to provide for assistance under the Act for Indian tribes. Authorizes the Secretary to make grants directly to any eligible recipient in an area which the Secretary has determined has experienced, or may reasonably be foreseen to be about to experience, a special need to meet an expected rise in unemployment, or other economic adjustment problems. Authorizes the appropriation of not in excess of $100,000,000 for each of fiscal years 1975 and 1976 to carry out the special economic development and adjustment assistance programs of this Act.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Reported to Senate with amendment(s)" stage on August 1, 1974. It describes the bill, it is not the legal text.
Measure indefinitely postponed in Senate, H.R. 14883 passed in lieu.
Civibrief does not map this action to a stage in the process. See the official record.
Where is it in the process, and what happens next?
The latest action on file does not map to a stage Civibrief recognizes, so the page will not name one. The record's own words are the reliable fact here.
The record's latest action, on August 2, 1974: Measure indefinitely postponed in Senate, H.R. 14883 passed in lieu.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 93rd Congress (1973-74), 651 of the 23,396 bills and joint resolutions introduced became law, about 2.8 percent. That count covers every measure at every stage, including the many that never left committee.
This one has no outstanding steps listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
JOSEPH MONTOYA (D-NM) introduced it on June 13, 1974, and 16 members have since signed on as cosponsors.
They come from both major parties: 15 Democrats, 1 Republican.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on June 13, 1974, 19082 days ago. The most recent recorded action was 19032 days ago, on August 2, 1974.
Measures do not carry over. Anything the 93rd Congress has not finished by January 3, 1975 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- SenateMeasure indefinitely postponed in Senate, H.R. 14883 passed in lieu.
- HouseNot stated in the latest action
- PresidentNot stated in the latest action