A bill to provide for across-the-board rescissions of nonsecurity discretionary spending of 5 percent.

This bill (S 5483) requires a 5% across-the-board reduction in non-defense federal spending starting in fiscal year 2026. It directly affects most federal agencies and programs funded through non-security discretionary budgets (such as education, transportation, and environmental programs), excluding defense and homeland security spending. The reduction applies automatically to all eligible funding once appropriations are made available for the fiscal year, with the Office of Management and Budget required to report the specific account cuts to Congress within 30 days. The bill does not create new programs but mandates a fixed percentage cut to existing non-security budgets annually.