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![handle is hein.congrecreports/crptxagph0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GP
Calendar No. 345
118TH CONGRESS REPORT No.
2d Session SENATE 118-233
ECONOMIC DEVELOPMENT ADMINISTRATION
REAUTHORIZATION ACT OF 2024
SEPTEMBER 25, 2024.-Ordered to be printed
Mr. CARPER, from the Committee on Environment and Public
Works, submitted the following
REPORT
[To accompany S. 3891]
[Including cost estimate of the Congressional Budget Office]
The Committee on Environment and Public Works, to which was
referred the bill (S. 3891) to amend the Public Works and Economic
Development Act of 1965 to update and expand Federal economic
development investment in the economic recovery, resiliency, and
competitiveness of communities, regions, and States across the
United States, and for other purposes, having considered the same,
reports favorably thereon with an amendment in the nature of a
substitute and recommends that the bill (as amended) do pass.
PURPOSE OF THE LEGISLATION
The objectives of the S. 3891 are to reauthorize and modernize
existing programs of the Economic Development Administration
(EDA) through fiscal years (FY) 2025 through 2029. This legisla-
tion also reauthorizes certain Regional Commissions through
FY2025 through 2029 and establishes two new Regional Commis-
sions, which are authorized for the 5-fiscal year period.
GENERAL STATEMENT AND BACKGROUND
The Economic Development Reauthorization Act of 2024 (S.
3891) primarily addresses national and regional economic develop-
ment programs within the Committee's jurisdiction. The need for
this legislation is driven by the changes in industries, technology,
and trade patterns since the last time that the PWEDA was reau-
thorized by Congress in 2004. By making these changes, Congress
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