S 2187 · 119th CongressIn Committeecongress.gov ↗

Pay Down the Debt Act

What this bill does

AI plain-language summary

This bill says that if the federal government set aside money for grants but a state or local government didn't accept those grants, that money gets taken back. The returned money must then be put into the U.S. Treasury and used to pay down the national debt.

Introduced

June 26, 2025

Policy Area

Economics and Public Finance

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