PAID Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 10, 2022)
Paying America's Inflationary Debts Act or the PAID Act
This bill rescinds specified unobligated funds that were provided by the American Rescue Plan Act of 2021, which was enacted to address the impact of COVID-19 on the economy, public health, state and local governments, individuals, and businesses.
Specifically, the bill rescinds specified funds that were provided for
- state, territorial, local, and tribal governments;
- emergency rental assistance;
- the State Small Business Credit Initiative;
- Federal Transit Administration grants;
- the Coronavirus Capital Projects Fund; and
- global health activities and programs.
The bill also requires the rescinded funds to be used for deficit reduction.
What just happenedMay 11, 2022
Referred to the Subcommittee on Highways and Transit.
Who’s behind it
- Introduced in HouseMay 10, 2022
- May 11, 2022Committee
Referred to the Subcommittee on Highways and Transit.
Highways and Transit Subcommittee - May 10, 2022IntroReferralH11100
Referred to the Committee on Oversight and Reform, and in addition to the Committees on Financial Services, Transportation and Infrastructure, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Foreign Affairs Committee - May 10, 2022IntroReferralH11100
Referred to the Committee on Oversight and Reform, and in addition to the Committees on Financial Services, Transportation and Infrastructure, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Transportation and Infrastructure Committee - May 10, 2022IntroReferralH11100
Referred to the Committee on Oversight and Reform, and in addition to the Committees on Financial Services, Transportation and Infrastructure, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Financial Services Committee - May 10, 2022IntroReferralH11100
Referred to the Committee on Oversight and Reform, and in addition to the Committees on Financial Services, Transportation and Infrastructure, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Oversight and Accountability Committee - May 10, 2022IntroReferralIntro-H
Introduced in House
- May 10, 2022IntroReferral1000
Introduced in House