Economic Development Administration Regulatory Revision

Through this notice of proposed rulemaking ("NPRM"), the Economic Development Administration ("EDA"), U.S. Department of Commerce ("DOC"), proposes and requests comments on updates to the agency's regulations implementing the Public Works and Economic Development Act of 1965, as amended ("PWEDA"). On February 1, 2011, EDA published a notice requesting comments on improving the regulations. A 70-day public comment period followed from February 1, 2011 through April 11, 2011, during which EDA received approximately 170 comments. In addition, EDA conducted an internal review of its regulations. This NPRM addresses and incorporates public comments and agency staff suggestions to present an updated set of proposed regulations that reflects the agency's current practices and policies in administering its economic development assistance programs. For convenience, the full text of EDA's regulations as amended is available on EDA's Web site at http://www.eda. gov/.