Rep. Ratcliffe votes to slash $15 billion in unnecessary spending
Washington, DC, June 8, 2018
Rep. John Ratcliffe (R-Texas) voted Thursday for the House passage of the Spending Cuts to Expired and Unnecessary Programs Act (H.R. 3). The bill answers President Trump’s recent call on Congress to roll back nearly $15 billion in unused or wasteful federal funds through a rescissions package.
H.R. 3 is the largest federal spending cut of its kind in history. It utilizes the Congressional Budget and Impoundment Control Act of 1974 to rescind previously appropriated funding.
“The Northeast Texans I represent sent me to Washington to get our fiscal house in order – it’s why I introduced the toughest balanced budget amendment in Congress, and I’ve consistently refused to kick the can down the road through irresponsible spending measures. The massive funding rollback we just passed represents a huge step forward in the fight to restore our fiscal sanity,” Ratcliffe said.
“I’m glad the Trump administration has worked diligently with us to identify programs that aren’t being used or are a blatant waste of taxpayer dollars, so we can eliminate nearly $15 billion in unnecessary funding. I urge my Senate colleagues to move swiftly in taking up our rescissions package, so we can send it to the president’s desk as soon as possible.”
H.R. 3 included 34 separate rescissions for funding that was unspent by agencies for several years in many cases.
For example, H.R. 3 rescinded $4.3 billion in funding that was untouched by the Advanced Technology Vehicles Manufacturing Loan Program since 2011. Since its inception in 2007, the program had only closed five loans under this authority.