What is a rescission? Budget authority provided by an appropriations bill that has not yet been obligated by an agency can be canceled by a new law passed by Congress, preventing the funds from being obligated and spent. This cancelation of budget authority is called a rescission. How can a rescission be initiated? Rescissions can... The post FAQ: Rescissions and the Deficit appeared first on EPIC for America.| EPIC for America
A rescission is when Congress passes a new law to cancel appropriated budget authority before it is spent by the Executive Branch. The Impoundment Control Act (ICA) creates an expedited rescissions process, where the President can propose rescissions and then Congress can pass the rescission bill by a simple majority in both chambers, bypassing the... The post EPIC Explainer: Pocket Rescissions appeared first on EPIC for America.| EPIC for America