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Pay Down the Debt Act This bill rescinds appropriations that were provided for grants that were not accepted by a state or local government. The rescinded funds must be deposited in the Treasury and used for deficit reduction.
Introduced
Jun 26, 2025
Last Action
Jun 26, 2025
Session
119th Congress
Sponsors
1 primary · 1 co
Passage Probability
2% — Very Low
Introduced in Senate
Read twice and referred to the Committee on Appropriations.
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2%
Estimate based on legislative signals
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Upgrade to ProRead twice and referred to the Committee on Appropriations.