CUTS Act
United States119th CongressHR-1654House of Representatives
Updated: Feb 27, 2025
Summary
This bill, titled the "Cutting Unobligated Tumultuous Spending Act" or "CUTS Act" , aims to offset the cost of fiscal year 2024 supplemental foreign assistance by rescinding unobligated federal funds. It specifically targets balances from various COVID-19 relief packages, including the CARES Act and the American Rescue Plan Act of 2021. The total amount of COVID-19 relief funds to be rescinded is capped at the sum appropriated for the Israel, Ukraine, and Indo-Pacific Security Supplemental Appropriations Acts, 2024. Additionally, the bill mandates the rescission of unobligated funds from several infrastructure programs. These include the Education Stabilization Fund, the Congestion Mitigation and Air Quality Improvement Program, the Carbon Reduction Program, and the PROTECT Program.
Bill texts
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Timeline
Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on Appropriations, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
House of Representatives
Referred to the Subcommittee on Highways and Transit.
House of Representatives
Introduced in House
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