🔓
Sign in as a Member to unlock the full view of HR.1654. · Full carveout list, all affected companies, party defectors, and 30-day trade predictions.
Become a Member$24.50/mo already a Member? Sign in →
HR.1654 · 119TH CONGRESS

CUTS Act

Status
In Committee
Latest Action
2025-02-27
Sponsor
Bean, Aaron (R-Florida)
Official Source
Investability
27/100
Stage
COMMITTEE
Related Bills
0
Full Text
2,885 chars
Alive
Yes

What This Bill Does · Plain English

Summary
Plain-English summary not yet available for this bill. Check back after our next analysis run.

Frequently Asked Questions

Did HR.1654 pass?
HR.1654 is still alive. Current stage: COMMITTEE. Pass likelihood: 27%.
Who sponsored HR.1654?
HR.1654 was sponsored by Aaron Bean (R-Florida).

Full Bill Text

119 HR 1654 IH: Cutting Unobligated Tumultuous Spending Act U.S. House of Representatives 2025-02-27 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 1654 IN THE HOUSE OF REPRESENTATIVES February 27, 2025 Mr. Bean of Florida introduced the following bill; which was referred to the Committee on Oversight and Government Reform , and in addition to the Committees on Appropriations , and Transportation and Infrastructure , for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To rescind unobligated COVID–19 relief funds and certain infrastructure funds to offset the cost of the supplemental foreign assistance made available for fiscal year 2024, and for other purposes. 1. Short titles This Act may be cited as any of the following: (1) The Cutting Unobligated Tumultuous Spending Act . (2) The CUTS Act . (3) The De-Supplemental Act . 2. Rescissions (a) COVID–19 Rescissions (1) In general The unobligated balances of any COVID–19 relief funds are hereby rescinded to the extent that the sum of such rescinded funds does not exceed the total amount appropriated under the following Acts: (A) The Israel Security Supplemental Appropriations Act, 2024 (Division A of Public Law 118–50 ). (B) The Ukraine Security Supplemental Appropriations Act, 2024 (Division B of Public Law 118–50 ). (C) The Indo-Pacific Security Supplemental Appropriations Act, 2024 (division C of Public Law 118–50 ). (2) COVID– 19 relief funds defined In this section, the term COVID–19 relief funds means any funds appropriated or otherwise made available by— (A) the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 ( Public Law 116–123 ); (B) the CARES Act ( Public Law 116–136 ); (C) the Paycheck Protection Program and Health Care Enhancement Act ( Public Law 116–139 ); (D) the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (Division M of Public Law 116–260 ); (E) division N of the Consolidated Appropriations Act, 2021 ( Public Law 116–260 ); or (F) the American Rescue Plan Act of 2021 ( Public Law 117–2 ). (b) Infrastructure Rescissions Any unobligated funds appropriated to any of the following are hereby rescinded: (1) The Education Stabilization Fund under the heading Department of Education in title VIII of division B of the CARES Act ( Public Law 116–136 ; 134 Stat. 564). (2) The Congestion Mitigation and Air Quality Improvement Program established in section 149 of title 23, United States Code. (3) The Carbon Reduction Program established in section 175 of title 23, United States Code. (4) The PROTECT Program established in section 176 of title 23, United States Code.
🔒 GovGreed Pro · Trading Intelligence on HR.1654 Get Access — $24.50/mo
Loading intelligence layer…
Bill text sourced from GovInfo.gov · public domain · last updated 2026-07-29. Plain-English summary, score breakdown, and trading-intelligence panels are GovGreed-original analysis derived from STOCK Act filings, SEC Form 4 disclosures, FEC contributions, and Senate LDA lobbying reports — all publicly filed federal records. GovGreed is not affiliated with the U.S. Government. Not financial advice. [live render]