Foxx Supports House Rescissions Package (2018-06-11 14:47:01)

Thursday June 7, the US House of Representatives passed H.R. 3, the Spending Cuts to Expired and Unnecessary Programs Act, by a bipartisan vote of 210-206.

Under the Impoundment Control Act, the president can identify balances of unobligated funds that he or she does not expect agencies to spend and request Congress rescind these funds. President Trump requested a recession of $14.7 billion, which the House honored in the legislation passed yesterday. 

Rep. Foxx said of its passage, “The Spending Cuts to Expired and Unnecessary Programs Act represents a good government approach to cut wasteful government spending, and I’m proud to have cosponsored this legislation. In some cases, agencies sit on funding for years with no plans to spend it and we should maintain this practice of returning those unused funds to the U.S. Treasury. The success of our current economy shows that empowering the American people with lower taxes and regulatory relief boosts employment and spurs prosperity. If we want to see sustained expansion of our economy, Congress must continue to reduce spending and curtail the government debt that hurts our nation’s progress.”