Rescinds unspent money from six COVID-era relief laws and keeps the recovered funds in the Treasury for deficit reduction, unless the President waives the rescission for a specific account.

Official title: Returning Unspent COVID Funds Act

Next stop Senate floor: awaiting a vote

Timeline each lane is a chamber; dates pull from congress.gov actions

Senate

Introduced 07-NOV-2025

On the calendar 07-NOV-2025

Key points

Rescinds unobligated balances from the American Rescue Plan Act, the CARES Act, the Families First Coronavirus Response Act, and three other COVID-era appropriations laws, effective on the date of enactment
Allows the President to exempt an account or program from the rescission by submitting a waiver notice to the House Budget and Senate Finance Committees within 60 days of enactment
Requires rescinded amounts to remain in the general fund of the Treasury for deficit reduction only

AI-generated from the Placed on Calendar Senate text of 08-NOV-2025 · verify · report an error

Official CRS summary

Current. The Congressional Research Service's summary covers the bill's latest wording (Introduced in Senate, 07-NOV-2025).

CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov

Committee referrals (0)

No committee referrals on file.

Policy area

Economics and Public Finance

Sponsor Joni Ernst (R-IA) Cosponsors · 3

■ 3 R

3 Republicans