Saving Taxpayers’ Money and Paying America’s Debt Act

Bill: 118-hr-564
Sponsor: full_name: Rep. Moolenaar, John R. [R-MI-2]
Introduced: 2023-01-26
Policy area: Economics and Public Finance
Subjects: Appropriations

Budget deficits and national debt
Latest action: action_date: 2023-01-26
text: Referred to the House Committee on Oversight and Accountability.

Summaries:
action_date: 2023-01-26
action_desc: Introduced in House
text: <p><b>Saving Taxpayers' Money and Paying America's Debt Act</b></p> <p>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.)</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 564 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.

1. Short title This Act may be cited as the Saving Taxpayers’ Money and Paying America’s Debt Act . 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unobligated balance of amounts made available by the American Rescue Plan Act of 2021 ( Public Law 117–2 ) are hereby rescinded and shall be deposited into the general fund of the Treasury for the sole purpose of deficit reduction.