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HR 7699 117th Congress House Economics and Public Finance Appropriations Budget deficits and national debt Business investment and capital Cardiovascular and respiratory health Department of the Treasury Emergency medical services and trauma care Executive agency funding and structure Foreign aid and international relief Government lending and loan guarantees Health programs administration and funding Health promotion and preventive care Housing and community development funding Infectious and parasitic diseases Landlord and tenant Public transit Small business State and local finance State and local government operations Transportation programs funding

PAID Act

Introduced: May 13, 2022 Introduced by: Carter, Earl L. "Buddy" Republican · Georgia See on congress.gov
This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 11, 2022
Referred to the Subcommittee on Highways and Transit.
May 10, 2022
Referred to the Committee on Oversight and Reform, and in addition to the Committees on Financial Services, Transportation and Infrastructure, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 10, 2022
Introduced in House
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 Plain-English summary Congressional Research Service

Paying America's Inflationary Debts Act or the PAID Act

This bill rescinds specified unobligated funds that were provided by the American Rescue Plan Act of 2021, which was enacted to address the impact of COVID-19 on the economy, public health, state and local governments, individuals, and businesses.

Specifically, the bill rescinds specified funds that were provided for

  • state, territorial, local, and tribal governments;
  • emergency rental assistance;
  • the State Small Business Credit Initiative;
  • Federal Transit Administration grants;
  • the Coronavirus Capital Projects Fund; and
  • global health activities and programs.

The bill also requires the rescinded funds to be used for deficit reduction.

What's happening now May 11, 2022

Referred to the Subcommittee on Highways and Transit.

 Related & companion bills 1
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 5
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7699: PAID Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-7699/
MLA
"H.R. 7699: PAID Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-7699/.
Bluebook (legal)
H.R. 7699, 117th Cong. (2026), https://openamerica.io/bill/117-HR-7699/.
Markdown link
[H.R. 7699: PAID Act](https://openamerica.io/bill/117-HR-7699/)
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