Pay Down the Debt Act
- Bill Number
- S. 2187
- Origin Chamber
- Senate
- Congress
- 119th Congress, Session 1
- Policy Area
- Economics and Public Finance
- Status
- Introduced
- Latest Action
- 2025-06-26: Read twice and referred to the Committee on Appropriations.
- Last Updated
- 2025-09-09T16:25:58Z
Official Summary
Pay Down the Debt Act
This bill rescinds appropriations that are provided for grants that are not accepted by a state or local government. The rescinded funds must be deposited in the Treasury and used for deficit reduction.
Sponsor
Sen. Lummis, Cynthia M. [R-WY]
Cosponsors (1)
Recent Actions
- 2025-06-26: Read twice and referred to the Committee on Appropriations.
- 2025-06-26: Introduced in Senate
Bill Versions
- Pay Down the Debt Act — issued 2025-06-26 — PDF (2 pages)