S 3166
Returning Unspent COVID Funds Act
Summary
Returning Unspent COVID Funds Act This bill rescinds certain unobligated funds that were provided to address COVID-19 and requires the funds to be used for deficit reduction. Specifically, the bill rescinds unobligated funds that were provided by the American Rescue Plan Act of 2021; Divisions M and N of the Consolidated Appropriations Act, 2021; the Paycheck Protection Program and Health Care Enhancement Act; the Coronavirus Aid, Relief, and Economic Security Act (CARES Act); the Families First Coronavirus Response Act; and the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020. Funds rescinded by this bill must remain in the Treasury to be used for the sole purpose of deficit reduction. The bill allows the President to waive the required rescission for an account or program if a notice waiving the rescission for the account or program is submitted to the House Budget Committee and the Senate Finance Committee no later than 60 days after the enactment of this bill.
Bill status
- Status
- Introduced
- Sponsor
- Sen. Joni Ernst [R-IA]
- Cosponsors
- 3
- Policy area
- Economics and Public Finance
- Introduced
- 2025-11-07
- Latest action
- 2025-11-08: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 266.
Recent actions
- 2025-11-08: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 266.
- 2025-11-07: Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
- 2025-11-07: Introduced in Senate