Saving Taxpayers’ Money and Paying America’s Debt Act

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.)

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 564 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 564

   To rescind the unobligated balance of appropriations made by the 
                   American Rescue Plan Act of 2021.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 26, 2023

Mr. Moolenaar introduced the following bill; which was referred to the 
               Committee on Oversight and Accountability

_______________________________________________________________________

                                 A BILL


 
   To rescind the unobligated balance of appropriations made by the 
                   American Rescue Plan Act of 2021.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Saving Taxpayers' Money and Paying 
America's Debt Act''.

SEC. 2. RESCISSION OF UNOBLIGATED AMOUNTS UNDER THE AMERICAN RESCUE 
              PLAN ACT.

    On the date of enactment of this Act, the unobligated balance of 
amounts made available by the American Rescue Plan Act of 2021 (Public 
Law 117-2) are hereby rescinded and shall be deposited into the general 
fund of the Treasury for the sole purpose of deficit reduction.
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