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Fast-Tracked Budget Cuts: President Can Block Spending and Tax Benefits

This act grants the U.S. President new powers to quickly propose cuts to already approved government spending and cancel certain tax benefits. Citizens may feel the impact of these changes through potential reductions in public program funding or alterations to specific tax benefits, affecting their personal finances and access to services.
Key points
The President can propose budget cuts and cancel tax benefits after a funding bill is enacted.
Presidential proposals undergo an expedited, unamendable voting process in Congress.
Funds withheld or tax benefits canceled must be used solely for deficit reduction.
The President can temporarily withhold funds proposed for rescission for up to 30 legislative days.
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Expired
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Additional Information
Print number: 118_HR_7235
Sponsor: Rep. Norman, Ralph [R-SC-5]
Process start date: 2024-02-05
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A Fast-Tracked Executive Rescission Review (AFTER) of Appropriations Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7235.

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 2024-02-05.

What are the main provisions?

Key points include:

  • The President can propose budget cuts and cancel tax benefits after a funding bill is enacted.
  • Presidential proposals undergo an expedited, unamendable voting process in Congress.
  • Funds withheld or tax benefits canceled must be used solely for deficit reduction.
  • The President can temporarily withhold funds proposed for rescission for up to 30 legislative days.
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. Norman, Ralph [R-SC-5].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Taxes Public Investments