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Canceling Unspent COVID Funds to Reduce National Deficit.

This bill aims to cancel unused federal money previously allocated through major COVID-19 relief packages, such as the CARES Act and the American Rescue Plan. These funds, which have not yet been committed or spent, will be redirected to the Treasury solely for the purpose of reducing the national debt. The President retains the power to waive the cancellation for specific programs deemed essential for national security.
Key points
Unspent funds from major COVID-19 relief laws are canceled (rescinded).
The canceled money will be used exclusively to reduce the national budget deficit.
The President can prevent the cancellation of funds necessary for national security programs.
article Official text account_balance Process page
Placed on Calendar
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_3166
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2025-11-08
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Returning Unspent COVID Funds Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_3166.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-11-08.

What are the main provisions?

Key points include:

  • Unspent funds from major COVID-19 relief laws are canceled (rescinded).
  • The canceled money will be used exclusively to reduce the national budget deficit.
  • The President can prevent the cancellation of funds necessary for national security programs.
What is the specific legal status?

The current status is Placed on Calendar.

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 Sen. Ernst, Joni [R-IA].

What is the latest detailed status?

The latest detailed status is: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 266.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Economy Public Investments