PAID Act

Bill: 117-hr-7699
Sponsor: Rep. Carter, Earl L. "Buddy" [R-GA-1]
Introduced: 2022-05-10 in the House
Policy area: Economics and Public Finance
Subjects: Appropriations
Budget deficits and national debt
Business investment and capital
Cardiovascular and respiratory health
Department of the Treasury
Emergency medical services and trauma care
Executive agency funding and structure
Foreign aid and international relief
Government lending and loan guarantees
Health programs administration and funding
Health promotion and preventive care
Housing and community development funding
Infectious and parasitic diseases
Landlord and tenant
Public transit
Small business
State and local finance
State and local government operations
Transportation programs funding
World health

Summary:
action_date: 2022-05-10
text: 

Paying America's Inflationary Debts Act or the PAID Act

 
This bill rescinds specified unobligated funds that were provided by the American Rescue Plan Act of 2021, which was enacted to address the impact of COVID-19 on the economy, public health, state and local governments, individuals, and businesses.
 
Specifically, the bill rescinds specified funds that were provided for
 
 
state, territorial, local, and tribal governments; 
 
emergency rental assistance;
 
the State Small Business Credit Initiative;
 
Federal Transit Administration grants;
 
the Coronavirus Capital Projects Fund; and
 
global health activities and programs. 
 
 
The bill also requires the rescinded funds to be used for deficit reduction.


Legislative actions:
action_date: 2022-05-11
text: Referred to the Subcommittee on Highways and Transit.
action_date: 2022-05-10
text: Referred to the Committee on Oversight and Reform, and in addition to the Committees on Financial Services, Transportation and Infrastructure, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2022-05-10
text: Referred to the Committee on Oversight and Reform, and in addition to the Committees on Financial Services, Transportation and Infrastructure, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2022-05-10
text: Referred to the Committee on Oversight and Reform, and in addition to the Committees on Financial Services, Transportation and Infrastructure, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2022-05-10
text: Referred to the Committee on Oversight and Reform, and in addition to the Committees on Financial Services, Transportation and Infrastructure, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2022-05-10
text: Introduced in House
action_date: 2022-05-10
text: Introduced in House