119th Congress Economics and Public Finance
S. 3166: Returning Unspent COVID Funds Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill rescinds certain unobligated funds that were provided to address COVID-19 and requires the funds to be used for deficit reduction.
Specifically, the bill rescinds unobligated funds that were provided by
- the American Rescue Plan Act of 2021;
- Divisions M and N of the Consolidated Appropriations Act, 2021;
- the Paycheck Protection Program and Health Care Enhancement Act;
- the Coronavirus Aid, Relief, and Economic Security Act (CARES Act);
- the Families First Coronavirus Response Act; and
- the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020.
Read the full summary
Funds rescinded by this bill must remain in the Treasury to be used for the sole purpose of deficit reduction.
The bill allows the President to waive the required rescission for an account or program if a notice waiving the rescission for the account or program is submitted to the House Budget Committee and the Senate Finance Committee no later than 60 days after the enactment of this bill.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Marsha Blackburn R-TNOriginal
- Pete Ricketts R-NE
- Rick Scott R-FL
Who scored on this bill
No member has earned points from it yet.
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Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the Senate by Joni Ernst.
Show the full action history (3 actions)
- Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 266.
- Introduced in Senate
- Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.