This bill would erase the Impoundment Control Act of 1974. In plain terms, it would remove that law from the books entirely.

Key points

• What changes: The Impoundment Control Act of 1974 would be repealed (canceled).
• Who is affected: The federal government’s rules that come from that law; the public may be indirectly affected through how federal spending is handled.
• When: It would take effect only if it becomes law.