A bill to provide for across-the-board rescissions of nonsecurity discretionary spending.
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsor
- 1
- Latest action
- Feb 3, 2025
What it does
S. 360 would mandate across-the-board rescissions of nonsecurity discretionary spending, reducing such appropriations by 1% in fiscal year 2026, 2% in fiscal year 2027, and 5% annually thereafter, applied proportionally across all affected accounts. The bill affects federal agencies and programs funded through regular appropriations acts that fall outside the security category, requiring the Office of Management and Budget to report each rescission to the Senate and House Appropriations Committees within 30 days of funds being made available each fiscal year. The rescissions take effect the day after appropriations are made available for the full fiscal year for the entire federal…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.