Bill · S. 2187· Senate(119-S-2187)
Pay Down the Debt Act
- Introduced
- 6/26/2025
- Last activity
- 6/26/2025 — Read twice and referred to the Committee on Appropriations.
- Sponsored by
- Cynthia Lummis
- Cosponsors
- - 2 - 0
- Introduced
- In Committee
What this bill would do
This bill, titled the "Pay Down the Debt Act," focuses on rescinding certain federal grant funds. If a State or local government decides not to accept a grant awarded to them by the Federal Government, those funds will be taken back. The money that is rescinded must be deposited into the general fund of the Treasury. The sole purpose of using these funds is for deficit reduction.
Yes
Does this reduce what the federal government owes?+5
The bill explicitly directs rescinded funds toward deficit reduction to lower the national debt.
Does this make the government pay for what it commits to?+4
The bill promotes fiscal responsibility by returning unutilized grant allocations to the Treasury for debt reduction.
Does this reduce what the federal government spends?+3
By rescinding unaccepted grants, the bill effectively reduces outlays from specific appropriation accounts.
The opposite· 3 of 4
Does this leave more decisions to the states?-3
The bill limits the ability of states to utilize or defer grant funds by rescinding them if not immediately accepted.
Does this give the federal government more power?-2
The bill centralizes unspent grant funds back to the federal Treasury rather than allowing states more flexibility.
Would households on low incomes be better off under this?-2
The potential loss of grant funding could negatively affect social services that support low-income households.
Who it would affect, and how
Potential Positive Impacts for People
- Deficit Reduction: The bill directs that rescinded amounts be used for the sole purpose of deficit reduction, which helps reduce the national debt (Section 2, subsection b).
Potential Negative Impacts for People
- Loss of Grant Funding: If a State or local government does not accept an awarded grant, that money is rescinded from the applicable appropriation account rather than being available for other uses (Section 2, subsection a).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Reduces National Debt+5Improves Fiscal Responsibility+4Reduces Government Spending+3
- Governance And Ideology
- Increase States Rights-3Increases Federal Power-2
- Demographic And Interest Groups
- Good For Low Income Households-2
- Education And Technology
- Increases Public School Funding-2
- 8/6/2026
- 1 Cosponsor added.
- 6/26/2025
- Read twice and referred to the Committee on Appropriations.
- 1 Cosponsor added.
- Introduced in Senate
David McCormickRepublican · Pennsylvania
Rick ScottRepublican · Florida