A bill to repeal the Impoundment Control Act of 1974.

Bill: 118-s-5533
Sponsor: full_name: Sen. Lee, Mike [R-UT]
Introduced: 2024-12-16
Policy area: Economics and Public Finance
Subjects: Budget process

Congressional-executive branch relations

Legislative rules and procedure

Presidents and presidential powers, Vice Presidents
Latest action: action_date: 2024-12-16
text: Read twice and referred to the Committee on the Budget.

Summaries:
action_date: 2024-12-16
action_desc: Introduced in Senate
text: <p>This bill repeals the Impoundment Control Act of 1974 (ICA).&nbsp;The&nbsp;ICA generally limits the authority of the President to impound (i.e., withhold from obligation or expenditure) funds that have been appropriated by Congress and establishes related procedures. It&nbsp;also establishes expedited legislative procedures that Congress may use to consider legislation to enact rescissions proposed by the President.&nbsp;</p>

tv_txt: II 118th CONGRESS 2d Session S. 5533 IN THE SENATE OF THE UNITED STATES December 16, 2024 Mr. Lee introduced the following bill; which was read twice and referred to the Committee on the Budget A BILL To repeal the Impoundment Control Act of 1974.

1. Repeal of Impoundment Control Act of 1974 The Impoundment Control Act of 1974 ( 2 U.S.C. 681 et seq. ) is hereby repealed.