The CUTS Act would rescind unobligated (unspent) federal funds from COVID-19 relief programs and certain infrastructure initiatives to offset the cost of 2024 foreign assistance funding for Israel, Ukraine, and Indo-Pacific security. Specifically, the bill would claw back unused money from major pandemic relief laws including the CARES Act and the American Rescue Plan, as well as from education stabilization funds and three transportation and environmental programs: the Congestion Mitigation and Air Quality Improvement Program, the Carbon Reduction Program, and the PROTECT Program. The total amount rescinded from COVID-19 relief funds would be limited to the combined dollar amount of the three 2024 foreign assistance packages. The bill affects federal agencies managing these programs and would reduce available funding for educational support, transportation infrastructure, and air quality improvements, though only funds that have not yet been obligated (committed for specific purposes) would be affected.
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