CUTS Act
This bill rescinds unspent funds from specific federal programs. It targets leftover money from pandemic relief (like the CARES Act and American Rescue Plan) and certain infrastructure initiatives (including education stabilization funds and transportation programs like the Congestion Mitigation Program). The rescission is limited to amounts already allocated for Israel, Ukraine, and Indo-Pacific security supplements under recent appropriations. Unspent funds must be returned to the Treasury, with no new spending created.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2024
Committee Review
Floor Vote
President
Introduced Jun 18, 2024
Last action Jun 18, 2024
Floor votes
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Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jun 18, 2024
Committee
Referred to the Committee on Oversight and Accountability, and in addition to the Committees on Appropriations, and Transportation and Infrastructure, 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
Jun 18, 2024
Introduced
Introduced in House
lower
1 primary · 93 co-sponsors
Sponsors
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