Washington, D.C. – Earlier this afternoon President Trump’s rescission proposal was introduced as H.R. 3, the Spending Cuts to Expired and Unnecessary Programs Act. Along with Leader McCarthy, original cosponsors include Reps. Tom Cole, Tom Graves, Kay Granger, Mark Walker, Steve Womack, Rodney Davis, Bruce Poliquin, Gary Palmer, and David Schweikert.

The text of the legislation can be found here.

McCarthy released the following statement on the bill’s introduction:

“President Trump has submitted to Congress a package of spending cuts to expired or unnecessary programs and Congress is prepared to act on those rescissions. Returning this money to the treasury is the type of budgetary spring-cleaning that ensures our government practices prudence with hard-earned taxpayer dollars. Through the Impoundment Act, Congress will once again use a creative tool to address the challenges facing our country and put our fiscal and economic footing on more solid ground.”