S. 2187In Committee
Pay Down the Debt Act
Rescinds appropriated funds for unaccepted state or local government grants and applies those funds to deficit reduction
Plain-English overview
What this bill does
Rescinds appropriated funds for unaccepted state or local government grants and applies those funds to deficit reduction
Key points
- Transfer rescinded funds to Treasury
- Repeal unaccepted grant appropriations
Current status
Where it stands
Status
In Committee
Latest action
2025-06-26 — Read twice and referred to the Committee on Appropriations.
Related context
Topics and policy areas
undefinedEconomics and Public Finance