A bill to provide for across-the-board rescissions of nonsecurity discretionary spending of 2 percent.

Bill: 118-s-5485
Sponsor: full_name: Sen. Blackburn, Marsha [R-TN]
Introduced: 2024-12-11
Policy area: Economics and Public Finance
Latest action: action_date: 2024-12-11
text: Read twice and referred to the Committee on Appropriations.

Summaries:

tv_txt: II 118th CONGRESS 2d Session S. 5485 IN THE SENATE OF THE UNITED STATES December 11, 2024 Mrs. Blackburn introduced the following bill; which was read twice and referred to the Committee on Appropriations A BILL To provide for across-the-board rescissions of nonsecurity discretionary spending of 2 percent.

1. Across-the-board rescissions (a) Definitions In this section: (1) Budget authority The term budget authority has the meaning given that term in section 3 of the Congressional Budget and Impoundment Control Act of 1974 ( 2 U.S.C. 622 ). (2) Discretionary appropriations; security category The terms discretionary appropriations and security category have the meanings given such terms in section 250(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 900(c) ). (3) Nonsecurity discretionary appropriations The term nonsecurity discretionary appropriations means discretionary appropriations provided in a regular appropriation Act that are not included in the security category. (4) Regular appropriation act The term regular appropriation Act — (A) means an annual appropriation Act (as described in section 105 of title 1, United States Code) providing new budget authority for the programs, projects, and activities under the jurisdiction of a subcommittee of the Committee on Appropriations of the Senate; and (B) includes— (i) a title, division, or other subdivision of an Act or resolution that, if it were a separate Act, would be an Act described in subparagraph (A); and (ii) a resolution or Act, or a title, division, or other subdivision of a resolution or Act, making continuing appropriations for a fiscal year. (b) Rescission For fiscal year 2026, and each fiscal year thereafter, effective on the day after the date on which appropriations are made available through September 30 of the applicable fiscal year for the entire Federal Government, there is rescinded, on a pro rata basis, 2 percent of the nonsecurity discretionary appropriations made available for such fiscal year. (c) OMB reports For fiscal year 2026, and each fiscal year thereafter, not later than 30 days after the date on which appropriations are made available through September 30 of such fiscal year for the entire Federal Government, the Director of the Office of Management and Budget shall submit to the Committee on Appropriations of the Senate and the Committee on Appropriations of the House of Representatives a report specifying the account and amount of each rescission made pursuant to subsection (b).