S 515 · 119th CongressIn Committeecongress.gov ↗

A bill to repeal the Impoundment Control Act of 1974.

What this bill does

AI plain-language summary

This bill gets rid of a 1974 law that limits the President's power to hold back money that Congress has already approved for spending. That law also set up a special fast-track process for Congress to consider the President's requests to cancel certain approved spending. If this bill passes, those rules and procedures would no longer be in effect.

Introduced

February 11, 2025

Policy Area

Economics and Public Finance

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