NH HB1411

Requires the state treasurer to withhold payments owed to the federal government when New Hampshire is deprived of federal aid due to a presidential executive order or violation of a court order

State treasurer must submit a report to the governor and general court within 60 days detailing the amount of federal aid withheld and identifying all payments New Hampshire owes to the federal government over the following 12 months

Withheld state payments must be maintained in an escrow or dedicated account until the federal government restores all previously withheld federal aid to New Hampshire

Creates the "Protecting Our Taxes from Unauthorized Sequestration Act" (POTUS Act) and takes effect 60 days after passage

Fiscal note warns the bill could result in indeterminable increased expenditures due to potential IRS fines and penalties, jeopardized federal funding, and federal Treasury Offset Program reductions