S 515
A bill to repeal the Impoundment Control Act of 1974.
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Bill overview
This bill seeks to eliminate the Impoundment Control Act of 1974 (ICA). The ICA restricts the President’s ability to refuse to spend funds Congress has appropriated and creates specific processes for Congress to respond to presidential rescission proposals. By repealing the ICA, this bill would restore the President’s full authority to manage the federal budget as originally intended.
Key provisions
- Repeals the Impoundment Control Act of 1974.
- Removes restrictions on the President’s ability to withhold funds.
- Eliminates the established procedures for Congress to review presidential rescission proposals.
Who is affected
- The President
- Congress
- The Executive Branch
- Federal Agencies
Notable changes
- Restores the President’s full budgetary authority.
- Eliminates congressional procedures related to presidential impoundments.
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119th CONGRESS — 1st Session
S. 515
IN THE SENATE OF THE UNITED STATES
A BILL
To repeal the Impoundment Control Act of 1974.
The Impoundment Control Act of 1974 (2 U.S.C. 681 et seq.) is hereby repealed.