Date: June 7, 2018
Subject: Rescinding $15 Billion in Unspent Funds
Description: This bill, known as the Spending Cuts to Expired and Unnecessary Programs Act (i.e., the "Rescissions Package") rescinds roughly $15 billion in unspent funds that are sitting idle in various administration accounts. The rescinded funds include $4.1 billion for the Advanced Technology Vehicle Manufacturing Program, a subsidy to automobile manufacturers for the production of fuel-efficient vehicles. ACU supports this rare and modest attempt to reduce our out-of-control spending (Congress has not rescinded any spending in nearly two decades).
Result: Bill Passed, 210-206
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