Saving Taxpayers’ Money and Paying America’s Debt Act

12/15/2023, 3:53 PM

Saving Taxpayers' Money and Paying America's Debt Act

This bill rescinds unobligated funds that were provided by the American Rescue Plan Act of 2021 and requires the funds to be used for the sole purpose of deficit reduction. (The American Rescue Plan Act of 2021 provided funding to address the impact of COVID-19 on the economy, public health, state and local governments, individuals, and businesses.)

Congress
118
Number
HR - 564
Introduced on
2023-01-26
# Amendments
0
Sponsors
+5

Variations and Revisions

1/26/2023
Text
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Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Saving Taxpayers' Money and Paying America's Debt Act

This bill rescinds unobligated funds that were provided by the American Rescue Plan Act of 2021 and requires the funds to be used for the sole purpose of deficit reduction. (The American Rescue Plan Act of 2021 provided funding to address the impact of COVID-19 on the economy, public health, state and local governments, individuals, and businesses.)

Alternative Names
Official Title as IntroducedTo rescind the unobligated balance of appropriations made by the American Rescue Plan Act of 2021.
Policy Areas
Economics and Public Finance
Potential Impact
Appropriations•
Budget deficits and national debt

Comments

Recent Activity

Latest Summary5/26/2023

Saving Taxpayers' Money and Paying America's Debt Act

This bill rescinds unobligated funds that were provided by the American Rescue Plan Act of 2021 and requires the funds to be used for the sole purpose of deficit reduction. (The ...

Latest Action1/26/2023
Referred to the House Committee on Oversight and Accountability.