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Rescinding Rescue Plan Funds: Public Debt Reduction

This bill proposes to withdraw unused funds from the American Rescue Plan Act of 2021. These funds, originally allocated for aid to states, local governments, small businesses, or housing assistance, will be redirected to reduce the national debt. This means some support programs may be limited or terminated, potentially affecting the availability of aid for citizens and local communities.
Key points
Withdrawal of unused funds from support programs for states, local governments, and tribes.
Termination of funding for certain rental assistance and small business support programs.
Funds will be used solely for national debt reduction, potentially impacting future government spending.
article Official text account_balance Process page
Expired
Citizen Poll
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Additional Information
Print number: 117_HR_7699
Sponsor: Rep. Carter, Earl L. "Buddy" [R-GA-1]
Process start date: 2022-05-10
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

PAID Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7699.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-05-10.

What are the main provisions?

Key points include:

  • Withdrawal of unused funds from support programs for states, local governments, and tribes.
  • Termination of funding for certain rental assistance and small business support programs.
  • Funds will be used solely for national debt reduction, potentially impacting future government spending.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Carter, Earl L. "Buddy" [R-GA-1].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Highways and Transit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

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