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119-hr-1654119th CongressWALLET

CUTS Act

Sponsored By: Representative Bean, Aaron [R-FL-4]

In Committee

Summary

This bill would rescind unobligated federal COVID-19 relief and certain infrastructure fund balances to offset the cost of supplemental foreign assistance for FY2024. It directs leftover pandemic-era and select education and transportation balances to help pay for aid to Israel, Ukraine, and the Indo‑Pacific.

Show full summary
  • Federal accounts created by COVID-19 relief laws (including the CARES Act and the American Rescue Plan) could have their unobligated balances reclaimed for other uses.
  • Specific infrastructure pools face rescissions: the Education Stabilization Fund under the CARES Act and three highway programs — Congestion Mitigation and Air Quality Improvement, the Carbon Reduction Program, and the PROTECT Program.
  • COVID-19 rescissions are capped so the total taken may not exceed the amount appropriated in the FY2024 supplemental acts for Israel, Ukraine, and the Indo‑Pacific (Public Law 118-50).

*Would offset FY2024 supplemental foreign assistance by reclaiming unobligated COVID-19 and specified infrastructure balances.*

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 2 costs, 0 mixed.

Pull back unspent transportation and school funds

This bill would rescind any unobligated funds left in four programs: the Education Stabilization Fund, the Congestion Mitigation and Air Quality program, the Carbon Reduction program, and the PROTECT program. It would not touch money already obligated or spent. States, cities, and school districts could lose access to these remaining balances. The aim is to offset the cost of 2024 supplemental foreign aid.

Take back unspent COVID relief funds

This bill would take back unspent COVID-19 relief money. It would apply only to unobligated balances. The total rescinded could not be more than the amounts in three 2024 supplemental acts for Israel, Ukraine, and the Indo-Pacific. The funds covered come from six named COVID laws, including the CARES Act and the American Rescue Plan. States, local governments, groups, and people could lose access to those remaining funds.

Sponsors & CoSponsors

Sponsor

Bean, Aaron [R-FL-4]

FL • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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