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 bill also updates specific legal language, such as expanding the types of entities eligible for participation in the program by including "limited liability company" alongside "limited partnership." Furthermore, it modifies the title of the approving authority from "Assistant City Administrator for Economic Development, Deputy Mayor for Financial Management" to "Deputy Mayor for Planning and Economic Development." These amendments are designed to facilitate a more responsive and effective revenue bond issuance process, ultimately benefiting various organizations within the District.