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
President Donald J. Trump signed H.R. 4, the Rescissions Act of 2025, into law on July 24, 2025. The bill included 21 rescissions totaling $9 billion. This canceled FY 2025 budget authority for certain foreign aid programs as well as advanced appropriations for the Corporation for Public Broadcasting covering FY 2026 and 2027. With the... The post FAQ: Does A CR Automatically Extend Funds Congress Previously Rescinded? appeared first on EPIC for America.| EPIC for America