Return to Sender Act
Sponsored By: Representative Cloud, Michael [R-TX-27]
Introduced
Summary
Rescinds unobligated Inflation Reduction Act funds by repealing sections 70002 and 70003. The bill would cancel any unspent amounts that had been authorized or made available under those specific IRA sections and remove the authorities they provided.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Cuts unspent Inflation Reduction Act funds
If enacted, this bill would take back any unspent (unobligated) money under two sections of the Inflation Reduction Act. It would also repeal those two sections. Agencies, states, and partners counting on future grants or subsidies from those sections could lose funding. Households and businesses expecting help from those programs could see fewer or no awards. The change would apply on the date of enactment and only to unspent balances under those sections.
Sponsors & CoSponsors
Sponsor
Cloud, Michael [R-TX-27]
TX • R
Cosponsors
Greene (GA)
GA • R
Sponsored 3/10/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov