In This Section
REAUTHORIZATION
EDA was pleased to have a 2008 reauthorization bill introduced by Senator Barbara Boxer (D-CA) and reported favorably to the Senate by the Environment and Public Works Committee. However, Congress did not pass this bill in 2008. In the meantime, EDA is funded through March 6, 2009 under a continuing resolution.
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The Top 5 Reasons
The Economic Development Administration Should Be Reauthorized on page one, and the
Bill Summar
y on page two of the
PDF .
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The Economic Development Administration Reauthorization Act of 2008 PDF .
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The Economic Development Administration (EDA) was established under the Public Works and Economic Development Act of 1965 (PWEDA) to generate jobs, retain existing jobs, and stimulate industrial and commercial growth in the United States. EDA assistance is available to rural and urban areas of the Nation experiencing high unemployment, low income or other severe economic distress.
On October 27, 2004, President Bush signed into law the Economic Development Administration Reauthorization Act of 2004, which reauthorizes EDA's economic development assistance programs through fiscal year 2008.
