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 House Appropriations (All Actions)|
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Summary: H.R.3994 — 112th Congress (2011-2012)All 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.