Pay Down the Debt Act

II 117TH CONGRESS 1ST SESSION S. 1739 To rescind amounts appropriated for grants that are not accepted by a State or local government and use the amounts for deficit reduction. IN THE SENATE OF THE UNITED STATES MAY 20, 2021 Ms. LUMMIS (for herself and Mr. SCOTT of Florida) introduced the following bill; which was read twice and referred to the Committee on Appropriations A BILL To rescind amounts appropriated for grants that are not accepted by a State or local government and use the amounts for deficit reduction. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Pay Down the Debt 4 Act’’. 5 SEC. 2. RESCISSION OF GRANT FUNDS NOT ACCEPTED BY 6 STATES AND LOCAL GOVERNMENTS. 7 (a) IN GENERAL.—If a State or local government 8 does not accept amounts that are to be awarded to the 9 State or local government under a grant from the Federal 10 VerDate Sep 11 2014 01:19 Jun 08, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S1739.IS S1739 kjohnson on DSK79L0C42PROD with BILLS 2 •S 1739 IS Government, an amount equal to the amount to be award- 1 ed to the State or local government shall be rescinded from 2 the applicable appropriation account. 3 (b) USE FOR DEFICIT REDUCTION.—Amounts re- 4 scinded under subsection (a) shall be deposited in the gen- 5 eral fund of the Treasury for the sole purpose of deficit 6 reduction. 7 Æ VerDate Sep 11 2014 01:19 Jun 08, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S1739.IS S1739 kjohnson on DSK79L0C42PROD with BILLS