H.R. 1982: Return to Sender Act

The bill designated as the "Return to Sender Act" primarily aims to repeal specific funding provisions from the Inflation Reduction Act. Here’s a breakdown of its key components:

Short Title

The legislation is titled the "Return to Sender Act." This title reflects the bill's intent to reverse certain funding measures established in previous legislation.

Repeal and Rescission of Funds

The bill specifically targets the unobligated balances of funds that were appropriated or made available under sections 70002 and 70003 of the Inflation Reduction Act. As of the date this bill is enacted:

• Certain funding amounts that have not yet been utilized or allocated will be rescinded.
• The provisions for these funding mechanisms will be repealed altogether.

This means that if this bill passes, any remaining funds that were intended for initiatives related to those sections of the Inflation Reduction Act would no longer be available for use, effectively eliminating those financial resources.

Impact Overview

The bill's action would have implications for budgeting and funding related to programs previously supported under the Inflation Reduction Act, which may include aspects of climate change initiatives and other economic measures tied to those sections.

Relevant Companies

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