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US SB2187
Bill
AI Summary
- Federal grant funds not accepted by state or local governments would be automatically rescinded from the applicable appropriation account
- Rescinded amounts must be deposited into the general fund of the Treasury exclusively for deficit reduction
- Applies to any federal grant where a state or local government declines the award
- Introduced June 26, 2025 by Senators Lummis (WY) and Scott (FL), referred to the Committee on Appropriations
Legislative Description
Pay Down the Debt Act
Economics and public finance
Last Action
Read twice and referred to the Committee on Appropriations.
6/26/2025
Committee Referrals
Appropriations6/26/2025
Full Bill Text
No bill text available