A bill to make 5 percent across-the-board rescissions in non-defense, non-homeland-security, and non-veterans-affairs discretionary spending for each of fiscal years 2024 and 2025.

This bill requires 5% across-the-board rescissions to FY2024 and FY2025 appropriations provided for any non-defense, non-homeland-security, and non-veterans-affairs discretionary account by any appropriations act.

For the purpose of this bill, a non-defense, non-homeland-security, and non-veterans-affairs discretionary account is a discretionary spending account other than any account

• included in a Department of Defense Appropriations Act;
• included in a Department of Homeland Security Appropriations Act;
• of the Department of Defense or the Department of Veterans Affairs included in a Military Construction, Veterans Affairs, and Related Agencies Appropriations Act; or
• for Department of Energy defense activities included in an Energy and Water Development and Related Agencies Appropriations Act.

Bill 118 s 327 proposes to implement a 5 percent reduction in non-defense, non-homeland-security, and non-veterans-affairs discretionary spending for the fiscal years 2024 and 2025. This means that a portion of the government's budget allocated for programs and services outside of these specific areas would be cut by 5 percent in each of these years.

The purpose of this bill is to reduce overall government spending and address budgetary concerns. By making across-the-board rescissions in these areas, lawmakers aim to streamline government expenditures and potentially reduce the national deficit.

It is important to note that this bill specifically targets discretionary spending, which refers to funds that are not mandated by law and can be adjusted by Congress each year. This means that mandatory spending, such as entitlement programs like Social Security and Medicare, would not be affected by these cuts. If passed, this legislation would impact a wide range of government programs and services, potentially leading to changes in funding levels and operations for various agencies and initiatives. Supporters argue that these cuts are necessary to promote fiscal responsibility and ensure the long-term financial health of the government, while opponents may raise concerns about the potential impact on essential services and programs. Overall, Bill 118 s 327 represents an effort to address budgetary challenges by implementing targeted spending reductions in specific areas of the federal budget for the fiscal years 2024 and 2025.