summary
Introduced
03/06/2024
03/06/2024
In Committee
03/06/2024
03/06/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
an Act of 2021, the Infrastructure Investment and Jobs Act, and the Inflation Reduction Act. IN THE HOUSE OF REPRESENTATIVES MARCH 6, 2024 Mr. OGLES (for himself, Mr. HARRIS, Mr. GREEN of Tennessee, and Mr. BIGGS) introduced the following bill; which was referred to the Committee on Oversight and Accountability A BILL To rescind unobligated funds under the American Rescue Plan Act of 2021, the Infrastructure Investment and Jobs Act, and the Inflation Reduction Act.
AI Summary
This bill, the Shrinkflation Reduction Act, proposes to rescind (or cancel) any unobligated (unused) funds from three previous laws: the American Rescue Plan Act of 2021, the Infrastructure Investment and Jobs Act, and the Inflation Reduction Act. The purpose of this bill is to reduce government spending by reclaiming funds that have not yet been allocated or spent from these earlier legislative initiatives.
Committee Categories
Government Affairs
Sponsors (5)
Last Action
Referred to the House Committee on Oversight and Accountability. (on 03/06/2024)
Bill Topics
Macroeconomics
- ‐ National Budget and Debt
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/7570/all-info | 03/07/2024 |
| BillText | https://www.congress.gov/118/bills/hr7570/BILLS-118hr7570ih.pdf | 03/14/2024 |
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