Shrinkflation Reduction Act

Bill: 118-hr-7570
Sponsor: full_name: Rep. Ogles, Andrew [R-TN-5]
Introduced: 2024-03-06
Policy area: Economics and Public Finance
Latest action: action_date: 2024-03-06
text: Referred to the House Committee on Oversight and Accountability.

Summaries:
action_date: 2024-03-06
action_desc: Introduced in House
text: <p><b>Shrinkflation Reduction Act</b></p> <p>This bill rescinds unobligated funds that were provided by (1) the American Rescue Plan Act of 2021, (2) the Infrastructure Investment and Jobs Act, and (3) the Inflation Reduction Act. </p>

tv_txt: I 118th CONGRESS 2d Session H. R. 7570 IN THE HOUSE OF REPRESENTATIVES March 6, 2024 Mr. Ogles (for himself, Mr. Harris , Mr. Green of Tennessee , and Mr. Biggs ) introduced the following bill; which was referred to the Committee on Oversight and Accountability A BILL To rescind unobligated funds under the American Rescue Plan Act of 2021, the Infrastructure Investment and Jobs Act, and the Inflation Reduction Act.

1. Short title This Act may be cited as the Shrinkflation Reduction Act . 2. Recissions of unobligated balances The unobligated balances of any amounts made available under any of the following laws are hereby rescinded: (1) The American Rescue Plan Act of 2021 ( Public Law 117–2 ). (2) The Infrastructure Investment and Jobs Act ( Public Law 117–58 ). (3) Public Law 117–69 (commonly referred to as the Inflation Reduction Act ).