To amend the Public Works and Economic Development Act of 1965 to authorize the Secretary of Commerce to make predevelopment grants, and for other purposes.

Bill 117 hr 7085, also known as the Predevelopment Grant Act, seeks to amend the Public Works and Economic Development Act of 1965 to allow the Secretary of Commerce to provide predevelopment grants for various purposes. These grants would be used to support projects that are in the early stages of development, helping to cover costs such as feasibility studies, planning, and design work.

The goal of this bill is to promote economic development by providing funding for projects that have the potential to create jobs and stimulate growth in communities across the country. By supporting predevelopment activities, the Secretary of Commerce aims to help projects get off the ground more quickly and efficiently, ultimately leading to greater success and impact.

In addition to authorizing predevelopment grants, the bill also includes provisions for reporting requirements and oversight to ensure that the funds are being used effectively and in accordance with the intended purposes. This accountability measure is designed to safeguard taxpayer dollars and ensure that the grants are being used to support projects that will have a positive impact on the economy. Overall, Bill 117 hr 7085 represents a bipartisan effort to support economic development and job creation through targeted funding for predevelopment activities. By providing resources for projects in the early stages of development, the bill aims to spur growth and opportunity in communities across the United States.