H.R.3994 - Grant Return for Deficit Reduction Act

To give States and localities the option to return unused Federal grant funds to the general fund of the Treasury for the purpose of deficit reduction. view all titles (2)

All Bill Titles

  • Official: To give States and localities the option to return unused Federal grant funds to the general fund of the Treasury for the purpose of deficit reduction. as introduced.
  • Short: Grant Return for Deficit Reduction Act as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
02/09/12
 
 
 
 
 
 
 

Sponsor

Representative

Mike Pompeo

R-KS

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Official Summary

Grant Return for Deficit Reduction Act - Requires any state or locality which will not use any funds remaining under a federal grant to deobligate, rescind, and return them to the Treasury General Fund for deficit reduction. Requires the Director of the Office of Management and Budget (OMB)

Official Summary

Grant Return for Deficit Reduction Act - Requires any state or locality which will not use any funds remaining under a federal grant to deobligate, rescind, and return them to the Treasury General Fund for deficit reduction. Requires the Director of the Office of Management and Budget (OMB) to report to Congress on the amount of all such funds returned.

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