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House Passes President Trump’s Spending Cut Package

Washington, June 8, 2018 - Rep. Tom Graves (R-GA-14) last night voted for and the House passed the Spending Cuts to Expired and Unnecessary Programs Act (H.R. 3), which Rep. Graves introduced as an original cosponsor in May. The legislation is based on the Trump administration’s proposal to cut $14.835 billion of unused, unnecessary spending. The proposal utilizes a special legislative tool called “rescissions,” which the Senate is able to pass on a simple majority vote, that takes back or ‘rescinds’ funds Congress previously appropriated.

“Today we took an important step toward getting our fiscal house in order,” said Rep. Graves. “This bill is a signal to the American people: President Trump and Republicans in Congress are serious about protecting our kids and grandkids from an unsustainable and crippling national debt.”

Importantly, none of the spending cuts will negatively impact government services because the rescissions package eliminates funding Congress provided to certain programs that either cannot or will not get spent for the purpose it was budgeted.

Highlights of the spending cut package include: *(As prepared by OMB)

• Advanced Technology Vehicles Manufacturing Loan Program (Energy): A $4.3 billion rescission of funds that have been untouched since 2011. Since ATVM’s inception in 2007, only five loans have been closed under this authority.

• Title 17 Innovative Technology Loan Guarantee Program (Energy): A rescission of $523 million in unobligated balances dating back to the stimulus that were provided for energy loan guarantees. The authority to make new guarantees lapsed in 2011.

• Center for Medicare and Medicaid Innovation (HHS): A rescission of $800 million that is in excess of the funds needed by the Innovation Center in FYs 2018 and 2019.

• Railroad Unemployment Insurance Extended Benefits (RRB): A rescission of $133 million in unobligated balances for a program that expired in 2012.


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