An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Rescind

To officially cancel or take back a law, contract, or decision, often referring to funds that were previously approved but are now being withdrawn.

Unobligated balances

Money that has been set aside or appropriated by Congress for a specific purpose but has not yet been formally committed or spent on a project or program.

Deficit reduction

Actions taken to decrease the amount by which government spending exceeds government revenue in a given period, typically aiming to reduce the national debt.

Public Law

A law that applies to the general public, enacted by Congress and signed by the President. They are identified by numbers like 'Public Law 117-2', where 117 is the Congress and 2 is the second law enacted by that Congress.

General fund of the Treasury

The main checking account for the U.S. government, where most tax revenues are deposited and from which most government expenditures are paid. Money in this fund is typically unearmarked for specific purposes.