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S 2187 119th Congress Senate Economics and Public Finance

Pay Down the Debt Act

Introduced: June 26, 2025 Introduced by: Lummis, Cynthia M. Republican · Wyoming See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 26, 2025
Read twice and referred to the Committee on Appropriations.
Jun 26, 2025
Introduced in Senate
 Plain-English summary Congressional Research Service

Pay Down the Debt Act

This bill rescinds appropriations that were provided for grants that were not accepted by a state or local government. The rescinded funds must be deposited in the Treasury and used for deficit reduction.

What's happening now June 26, 2025

Read twice and referred to the Committee on Appropriations.

 Committees of jurisdiction 1