The "Industrial Revenue Bond Forward Commitment Program Amendment Act of 2025" proposes significant amendments to the existing revenue bond law in the District of Columbia. Key changes include the removal of the aggregate principal limit of $850,000,000 for the issuance of multiple separate series of revenue bonds, which aims to enhance the capacity of the District's revenue bond program. Additionally, the bill streamlines the approval process for revenue bonds by reducing the required timeframes for application processing from 30 days to 10 days, thereby allowing organizations to meet funding and timing deadlines more efficiently in a fast-paced real estate market.

The legislation also updates specific language within the existing law, such as expanding the types of entities eligible for participation in the program to include limited liability companies, and revising the title of the responsible city official overseeing economic development. Furthermore, it repeals a subsection that may have previously limited the program's effectiveness. These amendments are intended to facilitate a more responsive and effective revenue bond issuance process, ultimately benefiting various organizations across the District.