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US SB3951
Bill
AI Summary
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Grants the President authority to decline to obligate appropriated funds when a deficit is projected for a fiscal year, overriding the Impoundment Control Act of 1974
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Limits presidential spending cuts to the amount necessary to eliminate the deficit for that fiscal year
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Exempts Medicare (Title XVIII of Social Security Act) and Social Security old-age, survivors, and disability insurance (Title II) from presidential impoundment authority
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Requires the President to consult with the Secretary of the Treasury and the Office of Management and Budget before exercising this budgetary discretion
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Introduced February 26, 2026 by Senator Scott of Florida and referred to the Committee on the Budget
Legislative Description
A bill to provide authority and discretion to the President over budgetary resources to achieve a balanced budget.
Last Action
Read twice and referred to the Committee on the Budget.
2/26/2026