H.R. 7699 · 117th Congress · House

PAID Act

Active· Referred to the Subcommittee on Highways and Transit.
Introduced
May 10, 22
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

Paying America's Inflationary Debts Act or the PAID Act

This bill rescinds specified unobligated funds that were provided by the American Rescue Plan Act of 2021, which was enacted to address the impact of COVID-19 on the economy, public health, state and local governments, individuals, and businesses.

Specifically, the bill rescinds specified funds that were provided for

  • state, territorial, local, and tribal governments;
  • emergency rental assistance;
  • the State Small Business Credit Initiative;
  • Federal Transit Administration grants;
  • the Coronavirus Capital Projects Fund; and
  • global health activities and programs.

The bill also requires the rescinded funds to be used for deficit reduction.

Action Timeline

7
  1. MAY 11, 2022•Committee

    Referred to the Subcommittee on Highways and Transit.

  2. MAY 10, 2022•IntroReferral

    Introduced in House

  3. MAY 10, 2022•IntroReferral

    Introduced in House

  4. MAY 10, 2022•IntroReferral

    Referred to the Committee on Oversight and Reform, and in addition to the Committees on Financial Services, Transportation and Infrastructure, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  5. MAY 10, 2022•IntroReferral

    Referred to the Committee on Oversight and Reform, and in addition to the Committees on Financial Services, Transportation and Infrastructure, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  6. MAY 10, 2022•IntroReferral

    Referred to the Committee on Oversight and Reform, and in addition to the Committees on Financial Services, Transportation and Infrastructure, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  7. MAY 10, 2022•IntroReferral

    Referred to the Committee on Oversight and Reform, and in addition to the Committees on Financial Services, Transportation and Infrastructure, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Committees

5

Highways and Transit Subcommittee

hspw12

Referred: May 11, 2022

Active

Foreign Affairs Committee

hsfa00

Referred: May 10, 2022

Active

Transportation and Infrastructure Committee

hspw00

Referred: May 10, 2022

Active

Financial Services Committee

hsba00

Referred: May 10, 2022

Active

Oversight and Government Reform Committee

hsgo00

Referred: May 10, 2022

Active