S. 360 would require automatic cuts to non-security federal spending over the next several years. The bill would rescind one percent of non-security discretionary appropriations in fiscal year 2026, two percent in fiscal year 2027, and five percent annually starting in fiscal year 2028 and beyond. These cuts would apply across-the-board to all non-defense spending programs—such as education, environmental protection, and social services—while exempting security-related spending. The Office of Management and Budget would be required to report the specific accounts and amounts affected by these rescissions within 30 days after each fiscal year's appropriations are finalized. This legislation would reduce federal discretionary spending gradually at first, then more substantially, though the total dollar impact depends on final appropriations levels set by Congress.
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