S 515 · A bill to repeal the Impoundment Control Act of 1974.
Read twice and referred to the Committee on the Budget.
- Introduced
- Feb 11, 2025
- Latest action
- Feb 11, 2025
- Sponsor
- Sen. Mike Lee [R-UT]
- Policy area
- Economics and Public Finance
- Cosponsors
- 1
Summary
This bill repeals the Impoundment Control Act of 1974 (ICA). The ICA generally limits the authority of the President to impound (i.e., withhold from obligation or expenditure) funds that have been appropriated by Congress and establishes related procedures. It also establishes expedited legislative procedures that Congress may use to consider legislation to enact rescissions proposed by the President.
Recent actions
- Feb 11, 2025 Read twice and referred to the Committee on the Budget.
- Feb 11, 2025 Introduced in Senate
Votes
No recorded votes are available for this bill.