The Legislative Line Item Veto Act of 2025 amends the Congressional Budget and Impoundment Control Act of 1974, granting the President new authority to propose the cancellation of specific budgetary items. This authority applies to discretionary budget authority , items of direct spending , and targeted tax benefits within 30 days of a bill's enactment. The President must transmit a detailed "special message" to Congress outlining each proposed cancellation, its rationale, and its estimated fiscal impact. Upon receiving a special message, the majority leaders in both the House and Senate are mandated to introduce an "approval bill" for expedited consideration. This bill, which cannot be amended, must be reported by committees within seven legislative days. Both chambers operate under strict procedural rules, including limited debate and waived points of order, to ensure a swift vote on the proposed cancellations. Concurrently with the special message, the President gains temporary authority to defer the affected budget authority or suspend the direct spending/tax benefit for up to 30 days, extendable once. For any cancellation to take effect, Congress must enact the corresponding approval bill; otherwise, the proposed cancellations become null and void. All amounts canceled through this process are dedicated solely to deficit reduction . The bill also establishes a process for the chairmen of the House Ways and Means and Senate Finance Committees to jointly identify targeted tax benefits in revenue legislation, which then guides the President's cancellation authority. A targeted tax benefit is defined as a revenue-losing provision benefiting only one entity. This entire legislative line-item veto framework is set to expire on October 1, 2031.