Summary: S.391 — 112th Congress (2011-2012)All Information (Except Text)

There is one summary for S.391. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (02/17/2011)

Recovering Excessive Stimulus Expenditures for Taxpayers Act or RESET Act - Rescinds all unobligated balances of the discretionary appropriations made available by division A of the American Recovery and Reinvestment Act of 2009 (stimulus funds).

Requires such rescinded appropriations to be deposited in the general fund of the Treasury for federal budget deficit reduction.