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Budget Rescissions: Canceling Funds for Foreign Aid and CPB

The Act rescinds over $8 billion in unobligated budget authority previously allocated for international assistance, global health funds, refugee support, and peacekeeping activities. Additionally, the bill rescinds amounts made available for the Corporation for Public Broadcasting (CPB) for fiscal years 2026 and 2027.
Key points
Over $8 Billion Rescinded: Withdrawal of unobligated balances designated for foreign aid, international development, and crisis funds.
Cuts to International Programs: Rescissions affect global health programs, refugee assistance, and contributions to international peacekeeping activities.
Rescission of CPB Funds: The Act rescinds amounts made available for the Corporation for Public Broadcasting for fiscal years 2026 and 2027.
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Status: Introduced
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Additional Information
Print number: 119_S_2067
Sponsor: Sen. Schmitt, Eric [R-MO]
Process start date: 2025-06-12