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119-s-291119th CongressWALLET
Lower Colorado River Multi-Species Conservation Program Amendment Act of 2025
Sponsored By: Senator Padilla, Alex [D-CA]
In Committee
Summary
Creates an interest-bearing Treasury account to hold non-Federal state contributions for the Lower Colorado River Multi-Species Conservation Program and make those funds available for program use without additional appropriation. The amendment requires Treasury to accept pre- and post-enactment contributions, invest idle amounts only in U.S. Treasury securities, and follow the existing Funding and Management Agreement and Program Documents.
Show full summary
- State Parties: Requires deposit of their non-Federal contributions into the new Non-Federal Funding Account, including amounts contributed before enactment which must be transferred within 90 days. State Parties are not responsible for investment losses as governed by the existing Agreement.
- Program operations: Amounts in the Fund and any interest earned are available to the Secretary for expenditure without further appropriation and must be used consistent with the Program Documents.
- Treasury role: Establishes and manages the account in the U.S. Treasury and may invest amounts not needed for current use only in interest-bearing U.S. obligations.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
New Treasury Fund for Colorado River
This bill would create a Non-Federal Funding Account in the U.S. Treasury for the Lower Colorado River Multi-Species Conservation Program. The Treasury would move any unspent non-Federal contributions from before enactment into the account within 90 days and place new contributions into the account as soon as practicable. Money in the account and any interest would be available to the Secretary without further appropriation and used under the Program Documents and Agreement. The Treasury could only invest extra amounts in U.S. interest-bearing obligations, and State Parties would not be liable for investment losses under the existing Agreement.
Sponsors & CoSponsors
Sponsor
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
Sen. Rosen, Jacky [D-NV]
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.
View on Congress.gov