HR 7699 United States House · 117th Congress

PAID Act

Summary

Paying America's Inflationary Debts Act or the PAID Act This bill rescinds specified unobligated funds that were provided by the American Rescue Plan Act of 2021, which was enacted to address the impact of COVID-19 on the economy, public health, state and local governments, individuals, and businesses. Specifically, the bill rescinds specified funds that were provided for state, territorial, local, and tribal governments; emergency rental assistance; the State Small Business Credit Initiative; Federal Transit Administration grants; the Coronavirus Capital Projects Fund; and global health activities and programs. The bill also requires the rescinded funds to be used for deficit reduction.

Bill status in committee 1 of 4 stages cleared

Introduction

May 2022

Committee Review

Floor Vote

President

Introduced May 10, 2022 Last action May 11, 2022

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 11, 2022

Committee

Referred to the Subcommittee on Highways and Transit.

lower

May 10, 2022

Committee

Referred to the Committee on Oversight and Reform, and in addition to the Committees on Financial Services, Transportation and Infrastructure, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

lower

May 10, 2022

Introduced

Introduced in House

lower

1 primary · 15 co-sponsors