Bill · H.R. 196· House(119-HR-196)

Family and Small Business Taxpayer Protection Act

Age: 56 years

Nebraska

Introduced: 1/3/2025
Last activity: 1/3/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Adrian Smith
Cosponsors: - 36 - 0

Taxation

Introduced
In Committee

What this bill would do

This bill is titled the Family and Small Business Taxpayer Protection Act''. It aims to rescind certain balances that were made available to the Internal Revenue Service. Specifically, it targets unobligated amounts appropriated under section 10301 of Public Law 117-169, also known as the Inflation Reduction Act of 2022''. These rescissions apply to various paragraphs within that specific public law as of the date this Act is enacted.

Yes

Does this reduce what the federal government owes?+3
The bill rescinds unobligated balances previously appropriated to the IRS, which reduces federal outlays.
Does this reduce what the federal government spends?+3
The bill reduces government spending by rescinding unspent funds allocated to the Internal Revenue Service.
Does this make the government pay for what it commits to?+3
The bill promotes fiscal responsibility by reclaiming unspent government funds.