Bill > HR196

This bill aims to rescind (cancel) certain unobligated funding previously allocated to the Internal Revenue Service (IRS) through specific provisions of the Inflation Reduction Act of 2022. Specifically, the bill targets unobligated balances from several funding paragraphs that were originally designated for IRS activities as of the date of this bill's enactment. By rescinding these funds, the bill effectively reduces the financial resources available to the IRS from the previously appropriated amounts in the Inflation Reduction Act. The bill's short title, "Family and Small Business Taxpayer Protection Act", suggests an intent to limit IRS funding, potentially as a measure to protect taxpayers and small businesses from increased IRS enforcement or operational capabilities. The proposed rescission would apply to multiple specific funding categories that were originally outlined in section 10301 of the Inflation Reduction Act, though the exact details of those specific funding categories are not provided in the bill text.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/196/all-info