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Introduced in Senate
Introduced November 7, 2025 by Joni Ernst · Last progress November 7, 2025
Rescinds unobligated balances of funds that were made available under several COVID-19 laws, effective on the date the Act is enacted. The rescission removes amounts that remain unspent unless the President submits a waiver to two congressional committees within 60 days of enactment. Any rescinded funds stay in the Treasury General Fund and may be used only to reduce the federal deficit.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 266.
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Introduced in Senate