S. 515: A bill to repeal the Impoundment Control Act of 1974.
Latest action, February 11, 2025: Introduced in Senate
Official summary
This bill repeals the Impoundment Control Act of 1974 (ICA). The ICA generally limits the authority of the President to impound (i.e., withhold from obligation or expenditure) funds that have been appropriated by Congress and establishes related procedures. It also establishes expedited legislative procedures that Congress may use to consider legislation to enact rescissions proposed by the President.