Install
Pay Down the Debt Act
A bill to rescind amounts appropriated for grants that are not accepted by a State or local government and use the amounts for deficit reduction.
- Introduced
- Committee
- Passed Senate
- Passed House
- To President
- Became law
Summary
Pay Down the Debt Act
This bill rescinds appropriations that were provided for grants that were not accepted by a state or local government. The rescinded funds must be deposited in the Treasury and used for deficit reduction.
Summary by the Congressional Research Service, Library of Congress.
Actions
- Jun 26, 2025 Read twice and referred to the Committee on Appropriations.
- Jun 26, 2025 Introduced in Senate
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