RepublicanBill · S. 2187· Senate(119-S-2187)

Pay Down the Debt Act

Rep. Lummis
Age: 72 years
Wyoming
Introduced
6/26/2025
Last activity
6/26/2025 — Read twice and referred to the Committee on Appropriations.
Sponsored by
Cynthia Lummis
Cosponsors
Republican - 2Democrat - 0
Economics and Public Finance
  1. Introduced
  2. 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 The money that is rescinded must be deposited into the general fund of the Treasury.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    The bill explicitly directs rescinded funds toward deficit reduction to lower the national debt.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.