Pay Down the Debt Act This bill rescinds appropriations that are provided for grants that are not accepted by a state or local government. The rescinded funds must be deposited in the Treasury and used for deficit reduction.
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Appropriations.
Introduced in Senate
Read twice and referred to the Committee on Appropriations.
Economics and Public Finance
AppropriationsBudget deficits and national debtState and local financeState and local government operations
Pay Down the Debt Act
USA117th CongressS-1739| Senate
| Updated: 5/20/2021
Pay Down the Debt Act This bill rescinds appropriations that are provided for grants that are not accepted by a state or local government. The rescinded funds must be deposited in the Treasury and used for deficit reduction.