A bill to repeal the Impoundment Control Act of 1974.

Bill: 119-s-515
Sponsor: full_name: Sen. Lee, Mike [R-UT]
Introduced: 2025-02-11
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: 2025-02-11
text: Read twice and referred to the Committee on the Budget.

Summaries:
action_date: 2025-02-11
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 119th CONGRESS 1st Session S. 515 IN THE SENATE OF THE UNITED STATES February 11, 2025 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 is hereby repealed.