[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2002 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 2002

 To amend the Social Security Act to remove the restriction on the use 
  of funds under the Coronavirus State Fiscal Recovery Fund to offset 
             reductions in State or territory tax revenues.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 18, 2021

Mr. Bishop of North Carolina (for himself, Mr. Perry, Mrs. Hinson, Mr. 
Fulcher, Mr. Webster of Florida, Mr. Rosendale, Mrs. Boebert, Mr. Weber 
   of Texas, Mr. Stewart, Mr. Walberg, Mr. Crawford, Mr. Harris, Mr. 
  Duncan, Ms. Tenney, Mrs. Greene of Georgia, Mr. Meuser, Mr. Good of 
  Virginia, Mr. Biggs, Ms. Herrell, Mr. Johnson of South Dakota, Mrs. 
  Steel, Mr. C. Scott Franklin of Florida, Mr. Cloud, Mr. Owens, Mr. 
   Gooden of Texas, Ms. Foxx, Mr. Gimenez, Mr. LaMalfa, Mr. Hice of 
Georgia, Mr. Williams of Texas, Mr. Feenstra, Mr. Guest, Mr. Cawthorn, 
    and Mr. Moore of Utah) introduced the following bill; which was 
           referred to the Committee on Oversight and Reform

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                                 A BILL


 
 To amend the Social Security Act to remove the restriction on the use 
  of funds under the Coronavirus State Fiscal Recovery Fund to offset 
             reductions in State or territory tax revenues.

    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 ``Let States Cut Taxes Act''.

SEC. 2. REMOVAL OF RESTRICTION ON USE OF FUNDS UNDER CORONAVIRUS STATE 
              FISCAL RECOVERY FUND.

    (a) Removal of Restriction.--Paragraph (2) of subsection (c) of 
section 602 of the Social Security Act, as added by section 9901 of the 
American Rescue Plan Act of 2021 (Public Law 117-2), is amended to read 
as follows:
            ``(2) Further restriction on use of funds.--No State or 
        territory may use funds made available under this section for 
        deposit into any pension fund.''.
    (b) Conforming Amendments.--Such section is further amended--
            (1) in subsection (d)(2)(A), by striking ``, including, in 
        the case of a State or a territory, all modification to the 
        State's or territory's tax revenue sources during the covered 
        period'';
            (2) in subsection (e), by striking ``such subsection,'' and 
        all that follows through the period and inserting ``such 
        subsection.''; and
            (3) in subsection (g)--
                    (A) by striking paragraph (1); and
                    (B) by redesignating paragraphs (2) through (7) as 
                paragraphs (1) through (6), respectively.
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