Saving Taxpayers' Money and Paying America's Debt Act This bill rescinds unobligated funds that were provided by the American Rescue Plan Act of 2021 and requires the funds to be used for the sole purpose of deficit reduction. (The American Rescue Plan Act of 2021 provided funding to address the impact of COVID-19 on the economy, public health, state and local governments, individuals, and businesses.)
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Timeline
Introduced in House
Referred to the House Committee on Oversight and Accountability.
Introduced in House
Referred to the House Committee on Oversight and Accountability.
Economics and Public Finance
AppropriationsBudget deficits and national debt
Saving Taxpayers’ Money and Paying America’s Debt Act
USA118th CongressHR-564| House
| Updated: 1/26/2023
Saving Taxpayers' Money and Paying America's Debt Act This bill rescinds unobligated funds that were provided by the American Rescue Plan Act of 2021 and requires the funds to be used for the sole purpose of deficit reduction. (The American Rescue Plan Act of 2021 provided funding to address the impact of COVID-19 on the economy, public health, state and local governments, individuals, and businesses.)