CUTS Act

This bill would take back unspent federal COVID-19 relief money to help cover the cost of recent 2024 foreign aid for Israel, Ukraine, and the Indo-Pacific. It also takes back unspent money from certain transportation and education programs.

It specifically targets leftover funds from major COVID-19 laws, including the Coronavirus Preparedness and Response Supplemental Appropriations Act of 2020, the CARES Act, the Paycheck Protection Program and Health Care Enhancement Act, the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, the Consolidated Appropriations Act, 2021, and the American Rescue Plan Act of 2021. It would also cancel any unspent funds in the Education Stabilization Fund (from the CARES Act) and in three highway programs: the Congestion Mitigation and Air Quality Improvement Program, the Carbon Reduction Program, and the PROTECT Program.

• Who is affected: Programs funded by the COVID-19 laws listed above, the Education Stabilization Fund, and the three named highway programs—if their money is still unspent.
• What changes: The government would take back these leftover funds, up to the total amount provided in the 2024 foreign aid laws for Israel, Ukraine, and the Indo-Pacific.