Bill > HR1982

This bill, known as the Return to Sender Act, aims to repeal and rescind (cancel) any unobligated funds from sections 70002 and 70003 of the Inflation Reduction Act (Public Law 117-169). Specifically, the bill would eliminate any remaining unspent money that was originally appropriated under those two sections of the previous law as of the date the new bill is enacted. The Inflation Reduction Act, passed in 2022, was a comprehensive legislation that included provisions related to climate change, healthcare, and tax reforms. By rescinding these unobligated balances, the bill effectively seeks to claw back potential funding that has not yet been committed to specific projects or expenditures. The bill is straightforward in its approach, consisting of two sections: a short title section and a substantive section detailing the fund rescission and repeal.

Government Affairs

https://www.congress.gov/bill/119th-congress/house-bill/1982/all-info