To rescind certain amounts appropriated for coronavirus relief.

1. Adds Sec. 7___. (a) Of the unobligated balances from amounts made available to the Department of Agriculture in section 1001(a) of subtitle A of title I of the American Rescue Plan Act of 2021 (Public Law 117-2), $1,000,000,000 are hereby permanently rescinded at the appropriate place in title VII

   Adds a section

   Inserted: Sec. 7___. (a) Of the unobligated balances from amounts made available to the Department of Agriculture in section 1001(a) of subtitle A of title I of the American Rescue Plan Act of 2021 (Public Law 117-2), $1,000,000,000 are hereby permanently rescinded.

   Inserted: (b) Of the unobligated balances from amounts made available under the heading "Small Business Administration--Business Loans Program Account, CARES Act" in section 323(d)(1)(A) of division N of the Consolidated Appropriations Act, 2021 (Public Law 116-260) for the cost of guaranteed loans as authorized under paragraphs (36) and (37) of section 7(a) of the Small Business Act (15 U.S.C. 636(a)), $2,950,000,000 are hereby permanently rescinded.

   Inserted: (c) Of the unexpended balances remaining from amounts made available under the heading "Small Business Administration--Business Loans Program Account, CARES Act" in section 1107(a)(1) of the Coronavirus Aid, Relief, and Economic Security Act (Public Law 116-136), as amended by section 101(a)(2) of division A of the Paycheck Protection Program and Health Care Enhancement Act (Public Law 116-139), $1,904,000,000 shall be returned to the Treasury.

   Inserted: (d) Of the unobligated balances from amounts made available under sections 602(a)(1) and 603(a) of the Social Security Act (42 U.S.C. 802(a)(1), 803(a)) on the date of enactment of this Act, $7,055,000,000 is rescinded as of such date: Provided, That such rescission shall be applied first on a pro rata basis to the unobligated balances of the payment amounts allocated by the Secretary of the Treasury pursuant to subsection (b)(3)(B) of section 602 of the Social Security Act (42 U.S.C. 802): Provided further, That any remaining amounts to be rescinded shall be applied next on a pro rata basis to the unobligated balances of the payment amounts allocated by the Secretary of the Treasury pursuant to subsection (b)(1)(B) and (b)(2)(B) of section 602 of such Act (42 U.S.C. 802): Provided further, That any remaining amounts to be rescinded shall be applied on a pro rata basis to the unobligated balances of the payment amounts allocated by the Secretary of the Treasury for each of the entities authorized to receive payments under section 603 of such Act (42 U.S.C. 803).

   Inserted: (e) Of the unobligated balances from amounts made available to the Department of Education in section 2003 of title II of the American Rescue Plan Act of 2021 (Public Law 117-2) and allocated to institutions of higher education as defined in section 102(b) of the Higher Education Act of 1965, $100,000,000 are hereby permanently rescinded.

   Inserted: (f) Of the unobligated balances from amounts made available to the Department of Transportation in section 7202(a) of title VII of the American Rescue Plan Act of 2021 (Public Law 117-2), $2,000,000,000 are hereby permanently rescinded.

   Inserted: Sec. 7__. Of the unobligated balances from amounts made available to the Department of Agriculture under the heading "Agricultural Programs--Office of the Secretary" in title I of division B of the Coronavirus Aid, Relief, and Economic Security Act (Public Law 116-136), $650,000,000 are hereby permanently rescinded: Provided, That the amounts rescinded pursuant to this section that were previously designated by the Congress as an emergency requirement pursuant to section 251(b)(2)(A)(i) of the Balanced Budget and Emergency Deficit Control Act of 1985 are designated by the Congress as an emergency requirement pursuant to section 4001(a)(1) and section 4001(b) of S. Con. Res. 14 (117th Congress), the concurrent resolution on the budget for fiscal year.

   The amendment doesn't say where this goes; the clerk decides.

   Original wording

   At the appropriate place in title VII, insert the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed