REFUND Act
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
Returned Exclusively For Unpaid National Debt Act or the REFUND Act
This bill rescinds federal funds identified by a state as unwanted and requires the funds to be used for debt reduction. The bill applies to federal funds required to be allocated by formula among all states that agree to use the funds for a specified purpose. To identify the funds as unwanted, a state legislature must pass a concurrent resolution, and the state must then notify the head of the federal agency responsible for allocating the funds. The Department of the Treasury must deposit the rescinded funds in the Gifts to the United States for Reduction of the Public Debt account, use the funds to reduce the debt, and submit an annual report to Congress identifying funds received.
Referred to the House Committee on Appropriations.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 5933: REFUND Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-5933/
"H.R. 5933: REFUND Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-5933/.
H.R. 5933, 114th Cong. (2026), https://openamerica.io/bill/114-HR-5933/.
[H.R. 5933: REFUND Act](https://openamerica.io/bill/114-HR-5933/)