Pay Down the Debt Act
119-S-2187119th CongressIntroduced Jun 26, 2025Economics and Public Finance
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Read twice and referred to the Committee on Appropriations.
Sponsor
Sen. Lummis, Cynthia M. [R-WY](R-WY)2 cosponsors
Summary
Pay Down the Debt Act
This bill rescinds appropriations that were provided for grants that were not accepted by a state or local government. The rescinded funds must be deposited in the Treasury and used for deficit reduction.
Actions (2)
Read twice and referred to the Committee on Appropriations.
Jun 26, 2025Senate
Introduced in Senate
Jun 26, 2025Library of Congress