US Federal 2023-2024 Regular Session

US Federal House Bill HB3673

Introduced
5/25/23  

Caption

To rescind certain unobligated balances, and for other purposes.

Impact

The implications of HB3673 could be significant for state laws and federal funding initiatives. By rescinding unobligated COVID-19 funds, the bill could impact various programs and projects that rely on these resources for recovery and support. Proponents of the bill argue that this move is necessary to prevent wasteful spending and to hold the government accountable for unspent funds. On the other hand, critics express concerns that rescinding these funds may leave state and local governments without crucial financial support necessary for ongoing recovery efforts in the wake of the pandemic.

Summary

House Bill 3673, titled the 'Biden Time Act of 2023', proposes the rescission of certain unobligated balances from various appropriations. The bill specifically targets unused funds allocated under previous COVID-19 relief measures, including those from the American Rescue Plan Act of 2021, among others. By permanently rescinding these balances, the bill aims to shift fiscal responsibility and reduce the national budget deficit associated with these funds. This initiative is part of a broader effort to streamline government spending and ensure that taxpayer dollars are effectively utilized.

Contention

One notable point of contention surrounding HB3673 is the potential impact on funding for the Internal Revenue Service (IRS). The bill also includes provisions for rescinding certain unobligated balances specifically allocated for the IRS through previous legislation. This aspect of the bill may provoke debate regarding the adequacy of funding for tax collection and enforcement efforts, especially given the ongoing discussions about improving the IRS's operational efficiency. Critics fear that reducing IRS funding could undermine efforts to ensure tax compliance and address the tax gap.

Companion Bills

US HB2811

Related Water Quality Certification and Energy Project Improvement Act of 2023 TAPP American Resources Act Transparency, Accountability, Permitting, and Production of American Resources Act Regulations from the Executive in Need of Scrutiny Act of 2023

US HB3746

Related Administrative Pay-As-You-Go Act of 2023

Previously Filed As

US HB23

Family and Small Business Taxpayer Protection Act This bill rescinds certain unobligated amounts made available to the Internal Revenue Service by the Inflation Reduction Act of 2022 for its enforcement activities and for funding certain Department of the Treasury tax agencies.

US HB191

Inflation Reduction Act of 2025This bill repeals the Inflation Reduction Act of 2022 and rescinds any unobligated funds made available by the act.

US HB1654

De-Supplemental Act CUTS Act Cutting Unobligated Tumultuous Spending Act

US SB2158

The distribution of the unobligated cash balance of a dissolved school district.

US HB1251

Create the community-based providers methodology supplement fund, create the target teacher salary supplement fund, and provide for the transfer of certain unobligated cash balances to the fund.

US SB175

Family and Small Business Taxpayer Protection Act This bill rescinds unobligated funds that were provided by the Inflation Reduction Act of 2022 to the Internal Revenue Service (IRS) for enforcement activities related to the determination and collection of taxes, for taxpayer services, for operations support for taxpayer services and enforcement activities, for business system modernization, and for a task force to research options for a free, direct electronic filing (e-filing) tax return system. The bill also rescinds unobligated funds that were provided by the Inflation Reduction Act of 2022 for expenses of theTreasury Inspector General for Tax Administration,Office of Tax Policy,U.S. Tax Court, andoffices within the Department of the Treasury that provide oversight and support for the IRS.Finally, the bill expresses the sense of Congress that the rescinded unobligated funds that were appropriated to the IRS by the Inflation Reduction Act of 2022 should be appropriated for the establishment and administration of an External Revenue Service.

US HB63

Accountability for Lawless Violence In our Neighborhoods Act or the ALVIN ActThis bill prohibits federal funds from being awarded or otherwise made available to the Manhattan District Attorney’s Office in New York. The bill also (1) rescinds any unobligated funds that were allocated for or otherwise made available to the office, and (2) directs the Department of Justice to require the office to reimburse the federal government for all funds that were expended for the office after January 1, 2022.

US HB62

Withholding Investments from Lawless Litigators In States Act or the WILLIS ActThis bill prohibits federal funds from being awarded or otherwise made available to the Fulton County District Attorney’s Office in Georgia. The bill also (1) rescinds any unobligated funds that were allocated for or otherwise made available to the office, and (2) directs the Department of Justice to require the office to reimburse the federal government for all funds that were expended for the office after January 1, 2021.

US HB2575

To provide for the rescission of certain waivers and licenses relating to Iran, and for other purposes.

US HJR12

Proposing a balanced budget amendment to the Constitution of the United States.

Similar Bills

No similar bills found.