Bill > HR1654

This bill, also known as the Cutting Unobligated Tumultuous Spending Act (CUTS Act) or the De-Supplemental Act, proposes to rescind (cancel) unobligated funds from various COVID-19 relief and infrastructure programs to help offset the cost of foreign assistance for fiscal year 2024. Specifically, the bill would cancel unused funds from COVID-19 relief acts passed between 2020 and 2021, including the CARES Act, Paycheck Protection Program, and American Rescue Plan Act, up to the total amount of recent supplemental appropriations for international security (covering Israel, Ukraine, and the Indo-Pacific region). Additionally, the bill targets unobligated funds from specific infrastructure programs, including the Education Stabilization Fund, Congestion Mitigation and Air Quality Improvement Program, Carbon Reduction Program, and PROTECT Program. The primary purpose appears to be reallocating unspent COVID-19 and infrastructure funds to support international security initiatives while reducing overall government spending.

Government Affairs, Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/house-bill/1654/all-info