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S 391 112th Congress Senate Economics and Public Finance Appropriations Budget deficits and national debt

RESET Act

Introduced: February 17, 2011 Introduced by: Moran, Jerry Republican · Kansas See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 17, 2011
Read twice and referred to the Committee on Appropriations.
Feb 17, 2011
Introduced in Senate
 Plain-English summary Congressional Research Service

Recovering Excessive Stimulus Expenditures for Taxpayers Act or RESET Act - Rescinds all unobligated balances of the discretionary appropriations made available by division A of the American Recovery and Reinvestment Act of 2009 (stimulus funds).

Requires such rescinded appropriations to be deposited in the general fund of the Treasury for federal budget deficit reduction.

What's happening now February 17, 2011

Read twice and referred to the Committee on Appropriations.

 Committees of jurisdiction 1