This bill repeals the Impoundment Control Act of 1974 (ICA). The ICA generally limits the authority of the President to impound (i.e., withhold from obligation or expenditure) funds that have been appropriated by Congress and establishes related procedures. It also establishes expedited legislative procedures that Congress may use to consider legislation to enact rescissions proposed by the President.
Loading the bill text comparison.
| Congress | 119 |
| Bill Type | S |
| Bill Number | 515 |
| Origin Chamber | Senate |
| Current Status | Read twice and referred to the Committee on the Budget. |
| Policy Area | Economics and Public Finance |
| Primary Committee | Not assigned |
| Introduced | February 11, 2025 |
| Latest Action | February 11, 2025 |
| Cosponsors | 1 · House vote — · — views |