S. 391 · 112th Congress
RESET Act
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
No cosponsors.
Recovering Excessive Stimulus Expenditures for Taxpayers Act or RESET Act - Rescinds all unobligated balances of the discretionary appropriations made available by division A of the American Recovery and Reinvestment Act of 2009 (stimulus funds).
What it does: CRS summary · Introduced in Senate · Feb 17, 2011
Recovering Excessive Stimulus Expenditures for Taxpayers Act or RESET Act - Rescinds all unobligated balances of the discretionary appropriations made available by division A of the American Recovery and Reinvestment Act of 2009 (stimulus funds).
Requires such rescinded appropriations to be deposited in the general fund of the Treasury for federal budget deficit reduction.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: RESET Act
Also known as: Recovering Excessive Stimulus Expenditures for Taxpayers Act
Latest action (Feb 17, 2011): Read twice and referred to the Committee on Appropriations.
Policy area: Economics and Public Finance · Origin: Senate · Introduced: Feb 17, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.