This legislation, known as the "Restoring WIFIA Eligibility Act," proposes an amendment to the Water Infrastructure Finance and Innovation Act of 2014 (WIFIA). Its primary goal is to clarify the budgetary treatment of certain financial assistance provided under the WIFIA program. Specifically, the bill stipulates that if a non-Federal entity receives WIFIA financial assistance for a project, and the repayment sources are exclusively non-Federal, then this assistance will be considered non-Federal for budgetary purposes. Consequently, such financial assistance will be treated as a direct loan or loan guarantee as defined by the Federal Credit Reform Act of 1990, potentially impacting how these projects are scored and funded.