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
• SEC. 2. Rescission of grant funds not accepted by States and local governments

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from the Federal Government, an amount equal to the amount to be awarded to the State or local government shall be rescinded from the applicable appropriation account.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Amounts rescinded under subsection (a) shall be deposited in the general fund of the Treasury for the sole purpose of deficit reduction.