Summary

Repeals three statutory provisions created by the Inflation Reduction Act that established or funded homeowner energy programs, removes any unobligated federal funds tied to those provisions, and strikes related language in a remaining IRA provision. The repeal takes effect nationwide upon enactment and requires agencies to stop using rescinded funds and to conform program language accordingly. The measure does not create new programs or appropriations; it eliminates specified existing statutory authorities and cancels unobligated balances that had been made available under those authorities as of the day before enactment.

Key Points

• Repeals three specific Inflation Reduction Act provisions that established or funded homeowner energy programs.
• Rescinds any unobligated balances that had been made available under the repealed provisions as of the day before enactment.
• Strikes specified language in a related IRA provision to make the law consistent after the repeals.
• Becomes effective nationwide upon enactment; agencies must stop using rescinded unobligated funds.
• Does not appropriate new funds or alter the tax code; its effect is to remove statutory authorities and available unobligated funding.
• May not affect funds or contracts already obligated, since the rescission targets unobligated balances.
• Likely to halt planned or future grants, rebates, or programs tied to the repealed statutory authorities.
• Will require administrative actions by federal agencies to wind down or revise program operations and guidance.

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