CUTS Act

H.R. 1654, the CUTS Act, would rescind unobligated (unspent) federal funds from COVID-19 relief programs and infrastructure appropriations. These rescinded funds would be used to offset costs associated with supplemental foreign assistance that was made available in fiscal year 2024. The bill is currently in committee consideration and has not yet been voted on by the full House.

If enacted, this bill would reduce the amount of federal spending authority available for certain programs by redirecting previously appropriated but unspent funds. The practical impact would depend on which specific COVID-19 and infrastructure programs are affected by the rescissions. Citizens may see changes in the availability or funding levels of programs that received COVID-19 relief or infrastructure investment, though the bill specifically targets funds that have not yet been obligated or spent.