H.R. 7699 · 117th Congress
PAID Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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CarterSponsor15 cosponsors · 15 R
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Boebert
BD
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Donalds
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Gohmert
CH
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Higgins
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Mace
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Mullin
RN
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Norman
BP
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Posey
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Perry
GG
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Grothman
CJ
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Jacobs
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McClintock
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Babin
JO
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Obernolte
BG
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Gibbs9 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill rescinds specified unobligated funds that were provided by the American Rescue Plan Act of 2021, which was enacted to address the impact of COVID-19 on the economy, public health, state and local governments, individuals, and businesses.
What it does: CRS summary · Introduced in House · May 10, 2022
Paying America's Inflationary Debts Act or the PAID Act
This bill rescinds specified unobligated funds that were provided by the American Rescue Plan Act of 2021, which was enacted to address the impact of COVID-19 on the economy, public health, state and local governments, individuals, and businesses.
Specifically, the bill rescinds specified funds that were provided for
- state, territorial, local, and tribal governments;
- emergency rental assistance;
- the State Small Business Credit Initiative;
- Federal Transit Administration grants;
- the Coronavirus Capital Projects Fund; and
- global health activities and programs.
The bill also requires the rescinded funds to be used for deficit reduction.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: PAID Act
Also known as: Paying America’s Inflationary Debts Act
Latest action (May 11, 2022): Referred to the Subcommittee on Highways and Transit.
Policy area: Economics and Public Finance · Origin: House · Introduced: May 10, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.