S. 2067: Rescissions Act of 2025

The Rescissions Act of 2025 aims to eliminate certain budgetary allocations that have not yet been spent by the federal government. The provisions in the bill detail specific amounts from various appropriations that will be rescinded following a message from the President indicating these cuts. Here’s a breakdown of the main points:

Purpose of the Bill

The bill's primary objective is to rescind budget authority for various programs and activities specified by the President, indicating a need to reduce government expenditure.

Details of Budget Rescissions

The bill specifies the following rescissions of unobligated balances:

• International Organizations—Contributions to International Organizations:
  • $33,008,764 from the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2024.
  • $168,837,230 from the Full-Year Continuing Appropriations Act, 2025.
• International Organizations—Contributions for International Peacekeeping Activities:
  • $203,328,007 from the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2024.
  • $157,906,000 from the Full-Year Continuing Appropriations Act, 2025.
• Bilateral Economic Assistance—Global Health Programs:
  • $500,000,000 from the Full-Year Continuing Appropriations Act, 2025.
  • $400,000,000 from another unobligated source in the same category.
• Migration and Refugee Assistance:
  • $800,000,000 from the Full-Year Continuing Appropriations Act, 2025.
• Bilateral Economic Assistance—Complex Crises Fund:
  • $43,000,000 from the Full-Year Continuing Appropriations Act, 2025.
• Bilateral Economic Assistance—Democracy Fund:
  • $83,000,000 from the Full-Year Continuing Appropriations Act, 2025.
• Bilateral Economic Assistance—Economic Support Fund:
  • $1,650,000,000 from the Full-Year Continuing Appropriations Act, 2025.
• Multilateral Assistance—Contribution to the Clean Technology Fund:
  • $125,000,000 from the Full-Year Continuing Appropriations Act, 2025.
• Bilateral Economic Assistance—Development Assistance:
  • $2,500,000,000 from the Full-Year Continuing Appropriations Act, 2025.
• Bilateral Economic Assistance—International Disaster Assistance:
  • $496,000,000 from the Full-Year Continuing Appropriations Act, 2025.
• Various Other Programs:
  • The bill also lists rescissions for other programs including the U.S. Agency for International Development and the Corporation for Public Broadcasting, among others, totaling various amounts as specified.

Impact of the Bill

Upon enactment, the specified funds will no longer be available for their intended purposes. This could affect international aid programs, funding for global health initiatives, contributions to international organizations, peacekeeping efforts, and various forms of bilateral economic assistance. The bill asserts that these rescissions take effect immediately upon the bill's passing.

Relevant Companies

None found.