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Politiparty

118th Congress Economics and Public Finance

S. 5533: To repeal the Impoundment Control Act of 1974

A bill to repeal the Impoundment Control Act of 1974.

Introduced

  1. Introduced (completed)Dec 16, 2024
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Dec 16, 2024

This bill repeals the Impoundment Control Act of 1974 (ICA). The ICA generally limits the authority of the President to impound (i.e., withhold from obligation or expenditure) funds that have been appropriated by Congress and establishes related procedures. It also establishes expedited legislative procedures that Congress may use to consider legislation to enact rescissions proposed by the President.

Written by the Congressional Research Service, Library of Congress.

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Other bills by Mike Lee

History

  1. Dec 16, 2024Introduced in the Senate by Mike Lee.
Show the full action history (2 actions)
  1. Dec 16, 2024Introduced in Senate
  2. Dec 16, 2024Read twice and referred to the Committee on the Budget.