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HR8548Rep. Kamlager-Dove, Sydney [D-CA-37] (D-CA)
introduced
S291119th CongressWALLET
Lower Colorado River Multi-Species Conservation Program Amendment Act of 2025
Sponsored By: Senator Sen. Padilla, Alex [D-CA]
In Committee
Summary
Would create a Treasury-managed, interest-bearing fund to hold non-Federal contributions to the Lower Colorado River Multi-Species Conservation Program. It defines key terms and sets rules for deposits, investments, transfers, and how investment losses are allocated under the existing funding agreement.
Show full summary
- State parties: Past and future non-Federal contributions would be deposited into a new "Non-Federal Funding Account." Amounts already contributed would be transferred from the Treasury general fund to the Account within 90 days of enactment.
- Program managers and the Secretary: Amounts on deposit and any accrued interest would be available to the Secretary, without further appropriation, for expenditure as the Program Documents allow.
- Treasury and investment rules: Treasury may invest any portion of the Account not needed for current use only in interest-bearing U.S. obligations. State parties would not be responsible for losses from those investments under the Agreement.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Treasury fund for Colorado River conservation
If enacted, this bill would create a Treasury account for non‑Federal contributions to the Lower Colorado River Multi‑Species Conservation Program. The Treasury would transfer any unspent prior state contributions into the account within 90 days after enactment. New state contributions would be moved into the account as soon as practicable after they are given. Money in the account and any interest could be spent by the Secretary without another appropriation. The Treasury could invest only in interest‑bearing U.S. obligations, and State Parties would not be responsible for investment losses after deposit.
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Sponsors & CoSponsors
Sponsor
Sen. Padilla, Alex [D-CA]
CA • D
Cosponsors
Sen. Cortez Masto, Catherine [D-NV]
NV • D
Sponsored 1/29/2025
Sen. Schiff, Adam B. [D-CA]
CA • D
Sponsored 1/29/2025
Jacky Rosen
NV • D
Sponsored 1/29/2025
Sen. Kelly, Mark [D-AZ]
AZ • D
Sponsored 1/29/2025
Sen. Gallego, Ruben [D-AZ]
AZ • D
Sponsored 2/19/2025
Roll Call Votes
No roll call votes available for this bill.
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