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S 2187In committeeEconomy & Budgetsenate
Pay Down the Debt Act
Introduced Jun 26, 2025 by Sen. Cynthia M. Lummis
IntroducedCommitteeFloorCongressLaw
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
Latest action · Jun 26, 2025
Read twice and referred to the Committee on Appropriations.
What it does
This bill rescinds appropriations that were provided for grants that were not accepted by a state or local government. The rescinded funds must be deposited in the Treasury and used for deficit reduction.
Summary by the Congressional Research Service.
Roll-call votes
No floor votes yet — it hasn't reached the floor of either chamber.