[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 391 Introduced in Senate (IS)]

112th CONGRESS
  1st Session
                                 S. 391

 To rescind unobligated stimulus funds and require that such funds be 
               used for Federal budget deficit reduction.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           February 17, 2011

   Mr. Moran introduced the following bill; which was read twice and 
              referred to the Committee on Appropriations

_______________________________________________________________________

                                 A BILL


 
 To rescind unobligated stimulus funds and require that such funds be 
               used for Federal budget deficit reduction.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Recovering Excessive Stimulus 
Expenditures for Taxpayers Act'' or the ``RESET Act''.

SEC. 2. RESCISSION OF UNOBLIGATED STIMULUS FUNDS.

    (a) Rescission of Unobligated Stimulus Funds.--Effective on the 
date of the enactment of this section, there are rescinded all 
unobligated balances of the discretionary appropriations made available 
by division A of the American Recovery and Reinvestment Act of 2009 
(Public Law 111-5).
    (b) Use for Deficit Reduction.--All appropriations rescinded in 
subsection (a) shall be deposited in the general fund of the Treasury 
and used for Federal budget deficit reduction.
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