H.R. 3673 – To rescind certain unobligated balances, and for other purposes.

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Updated January 20, 2026 at 8:10 AM UTC

The bill, titled the “Biden Time Act of 2023,” permanently cancels (rescinds) unused money that was set aside under several recent federal programs, including the American Rescue Plan and parts of the Inflation Reduction Act. It targets funds that have not been spent by the government, especially those earmarked for the Internal Revenue Service. The rescission affects federal agencies and programs that were allocated these unobligated balances, effectively reducing the overall federal budget.

Key Provisions

Permanently rescinds any remaining, unspent balances from the American Rescue Plan Act of 2021 and from Public Laws 116‑123, 116‑127, 116‑136, 116‑139, and divisions M and N of Public Law 116‑260.
Cancels any unspent amounts that were allocated to the Internal Revenue Service under specific sections of the Inflation Reduction Act of 2022 as of the date this bill becomes law.

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the Committee on Ways and Means, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Ways and Means Committee

May 25, 2023

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HouseIntro Referral

Introduced in House

May 25, 2023

HouseIntro Referral

Referred to the Committee on Ways and Means, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Ways and Means Committee

May 25, 2023

Bill Text

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Introduced in HouseIssued May 25, 2023

I

118th CONGRESS

1st Session

H. R. 3673

IN THE HOUSE OF REPRESENTATIVES

May 25, 2023

Mr. Biggs (for himself, Mr. Rosendale, Mr. Norman, Mr. Perry, Mr. Cloud, Mr. Harris, Mr. Ogles, Mr. Good of Virginia, Mr. Brecheen, and Mr. Gaetz) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To rescind certain unobligated balances, and for other purposes.

1.

Short title

This Act may be known as the Biden Time Act of 2023.

2.

Rescission of unobligated coronavirus funds

The unobligated balances of amounts appropriated or otherwise made available by the American Rescue Plan Act of 2021 (Public Law 117–2), and by each of Public Laws 116–123, 116–127, 116–136, and 116–139 and divisions M and N of Public Law 116–260, are hereby permanently rescinded.

3.

Rescission of certain balances made available to the internal revenue service

The unobligated balances of amounts appropriated or otherwise made available for activities of the Internal Revenue Service by paragraphs (1)(A)(ii), (1)(A)(iii), (1)(B), (2), (3), (4), and (5) of section 10301 of Public Law 117–169 (commonly known as the Inflation Reduction Act of 2 2022) as of the date of the enactment of this Act are rescinded.