Title 2 › CHAPTER 17B — IMPOUNDMENT CONTROL › SUBCHAPTER II — CONGRESSIONAL CONSIDERATION OF PROPOSED RESCISSIONS, RESERVATIONS, AND DEFERRALS OF BUDGET AUTHORITY › § 683
When the President decides some budget money is not needed, should be cut for budget reasons, or should be held back for a single fiscal year, the President must send a written notice to both the House and the Senate. The notice must say how much money is involved; which agency, account, and program or project it affects; the reasons for the cut or hold; the estimated fiscal, economic, and budget effects when possible; and any other facts and likely effects on the programs or purposes tied to that money. If Congress does not pass a bill to rescind all or part of the proposed amount within 45 days, the money must be released for obligation. Money released this way cannot be proposed for rescission again.
Full Legal Text
The Congress, Source: USLM XML via OLRC
Legislative History
Reference
Citation
2 U.S.C. § 683
Title 2, The Congress
Last Updated
Sep 22, 2026
Release point: 119-110