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Rescinding Unspent Funds from Key Acts: Impact on Public Investments.

This bill proposes to cancel unspent funds allocated under three major laws: the American Rescue Plan Act of 2021, the Infrastructure Investment and Jobs Act, and the Inflation Reduction Act. This means that money intended for various projects, such as pandemic relief, infrastructure development, or inflation reduction, will not be spent, potentially affecting the scope and pace of these initiatives.
Key points
Rescinding unspent funds from the American Rescue Plan Act of 2021, potentially limiting support in pandemic-affected areas.
Canceling unspent funds from the Infrastructure Investment and Jobs Act, which could slow down the development of roads, bridges, and other infrastructure projects.
Withdrawing unspent funds from the Inflation Reduction Act, potentially impacting programs aimed at lowering living costs and supporting green energy.
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Expired
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Additional Information
Print number: 118_HR_7570
Sponsor: Rep. Ogles, Andrew [R-TN-5]
Process start date: 2024-03-06
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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

Shrinkflation Reduction Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7570.

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 2024-03-06.

What are the main provisions?

Key points include:

  • Rescinding unspent funds from the American Rescue Plan Act of 2021, potentially limiting support in pandemic-affected areas.
  • Canceling unspent funds from the Infrastructure Investment and Jobs Act, which could slow down the development of roads, bridges, and other infrastructure projects.
  • Withdrawing unspent funds from the Inflation Reduction Act, potentially impacting programs aimed at lowering living costs and supporting green energy.
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. Ogles, Andrew [R-TN-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Oversight and Accountability.

Is this summary verified?

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

CATEGORIES

Public Investments Economy