Library / Laws / 118th / hr / H.R. 564 / Introduced in House
I
118th CONGRESS
1st Session
H. R. 564
IN THE HOUSE OF REPRESENTATIVES
January 26, 2023Mr. Moolenaar introduced the following bill; which was referred to the Committee on Oversight and Accountability
A BILL
To rescind the unobligated balance of appropriations made by the American Rescue Plan Act of 2021.
1.
Short title
This Act may be cited as the Saving Taxpayers’ Money and Paying America’s Debt Act.
2.
Rescission of unobligated amounts under the American Rescue Plan Act
On the date of enactment of this Act, the unobligated balance of amounts made available by the American Rescue Plan Act of 2021 (Public Law 117–2) are hereby rescinded and shall be deposited into the general fund of the Treasury for the sole purpose of deficit reduction.