S. 2187
119th CONGRESS 1st Session
To rescind amounts appropriated for grants that are not accepted by a State or local government and use the amounts for deficit reduction.
IN THE SENATE OF THE UNITED STATES · June 26 (legislative day, June 24), 2025 · Sponsor: Ms. Lummis · Committee: Committee on Appropriations
Table of contents
SEC. 1. Short title
- This Act may be cited as the Pay Down the Debt Act.
SEC. 2. Rescission of grant funds not accepted by States and local governments
- (a) In general
- If a State or local government does not accept amounts that are to be awarded to the State or local government under a grant from the Federal Government, an amount equal to the amount to be awarded to the State or local government shall be rescinded from the applicable appropriation account.
- (b) Use for deficit reduction
- Amounts rescinded under subsection (a) shall be deposited in the general fund of the Treasury for the sole purpose of deficit reduction.