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A bill to repeal the Impoundment Control Act of 1974.

Bill Number
S. 515
Origin Chamber
Senate
Congress
119th Congress, Session 1
Policy Area
Economics and Public Finance
Status
Introduced
Latest Action
2025-02-11: Read twice and referred to the Committee on the Budget.
Last Updated
2025-12-05T22:49:25Z

Official 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. 

Sponsor

Sen. Lee, Mike [R-UT]

Cosponsors (1)

Sen. Scott, Rick [R-FL]

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