H.R.3994 - Grant Return for Deficit Reduction Act112th Congress (2011-2012)
|Sponsor:||Rep. Pompeo, Mike [R-KS-4] (Introduced 02/09/2012)|
|Committees:||House - Oversight and Government Reform; Appropriations|
|Latest Action:||02/09/2012 Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Appropriations, 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. (All Actions)|
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Summary: H.R.3994 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in House (02/09/2012)
Grant Return for Deficit Reduction Act - Requires any state or locality which will not use any funds remaining under a federal grant to deobligate, rescind, and return them to the Treasury General Fund for deficit reduction.
Requires the Director of the Office of Management and Budget (OMB) to report to Congress on the amount of all such funds returned.