MIL-OSI USA: Smucker Statement on House-Passed Rescissions Package

By   /  June 14, 2018  /  Comments Off on MIL-OSI USA: Smucker Statement on House-Passed Rescissions Package

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Source: United States House of Representatives – Representative Lloyd Smucker (PA-16)

Washington, D.C. – U.S. Rep. Lloyd Smucker (PA-16) today issued the following statement after the House of Representatives passed H.R. 3 – the Spending Cuts to Expired and Unnecessary Programs Act:

“Rescinding unused federal funds is a commonsense and reasonable way to rein in Washington’s out-of-control spending habit. I hope this modest rescission is just a down payment on our broader commitment to reduce spending. Congress should continue working with President Trump’s administration to be good stewards of taxpayer dollars.”

Background

This rescissions package is the largest since 1974, when the Executive Branch was given the authority to submit rescissions to Congress. It would simply rescind federal funds that are either no longer necessary or can’t be spent because the authority to do so expired last year.

It rescinds more than $15 billion in previously appropriated funding, including:

  • $5.1 billion from the Children’s Health Insurance Program (CHIP)
  • $4.3 billion from the Advanced Technology Vehicles Manufacturing Loan Program
  • $1.8 billion from the Child Enrollment Contingency Fund
  • $800 million from the Center for Medicare and Medicaid Innovations
  • $523 million from the Title 17 Innovative Technology Loan Guarantee Program
  • $500 million from the Farm Security and Rural Investment Programs
  • $252 million from the Ebola response

Last month, Congressional Budget Office (CBO) Director Keith Hall wrote to Majority Leader Kevin McCarthy regarding the impact on CHIP, saying “CBO estimates that rescinding the unobligated balances would reduce budget authority by $7 billion, but would not affect outlays, or the number of individuals with insurance coverage.

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