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A bill to make 2 percent across-the-board rescissions in non-defense, non-homeland-security, and non-veterans-affairs discretionary spending for each of fiscal years 2024 and 2025.

Source: Congress.gov  ·  749 words in original text
This bill would cut 2 percent of federal spending from certain government agencies for the years 2024 and 2025. The cuts would apply to all discretionary spending (money Congress chooses to spend each year) except for defense, homeland security and veterans affairs accounts.
Federal government agencies that receive discretionary funding, excluding the Department of Defense, Department of Homeland Security, Department of Veterans Affairs and Department of Energy defense activities.
• The government must reduce spending by 2 percent across all non-defense, non-homeland-security and non-veterans-affairs discretionary accounts for fiscal years 2024 and 2025 (Sec. 1(a)) • The 2 percent cut applies to three types of funding: money provided in annual spending bills, advance appropriations (money set aside in advance for future years) and contract authority (the right to enter into contracts) for these years (Sec. 1(a)) • Each agency's 2 percent cut must be applied fairly and equally to every program, project and activity within that agency, based on how the spending bills describe these items (Sec. 1(c)) • The Office of Management and Budget must report within 30 days which accounts and how much money each will lose to these cuts (Sec. 1(e))
Federal agencies outside defense, homeland security and veterans affairs would lose 2 percent of their annual budgets for 2024 and 2025. Every program within affected agencies would receive an equal percentage reduction in funding.
"Discretionary account" means spending categories except those in Department of Defense bills, Department of Homeland Security bills, Department of Veterans Affairs bills and Department of Energy defense activities (Sec. 1(b))
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.