“It’s been nearly two decades since Congress passed a rescission bill, but last night, I and 209 of my colleagues voted to pass the largest rescission package in history. The Spending Cuts to Expired and Unnecessary Programs Act cut $15 billion of unspent taxpayer dollars from agency coffers that bureaucrats had tucked away. This historic act is another step in our efforts to get the federal government’s fiscal house in order.”
This legislation rescinds expired and ineligible funds in 34 accounts, including:
• $4.3 billion – Advanced Technology Vehicles Manufacturing Loan Program
• $523 million – Title 17 Innovative Technology Loan Guarantee Program
• $5.1 billion – Children’s Health Insurance Fund
• $1.8 billion – Child Enrollment Contingency Fund
• $800 million – Center for Medicare and Medicaid Innovations
• $500 million – Farm Security and Rural Investment Programs
• $148 million – Animal and Plant Health Inspection Service
• $133 million – Railroad Unemployment Insurance Extended Benefits
For more on H.R. 3, please click HERE.