A bill to rescind unobligated stimulus funds and require that such funds be used for Federal budget deficit reduction.
Recovering Excessive Stimulus Expenditures for Taxpayers Act or RESET Act - Rescinds all unobligated balances of the discretionary appropriations made available by division A of the American Recovery and Reinvestment Act of 2009 (stimulus funds).
Requires such rescinded appropriations to be deposited in the general fund of the Treasury for federal budget deficit reduction.
Referred to the House Committee on Appropriations.
Introduced in Senate
Read twice and referred to the Committee on Appropriations.
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