Executive Office of the President May 15, 2018 – Federal Register Recent Federal Regulation Documents

Pursuant to section 1014(d) of the Congressional Budget and Impoundment Control Act of 1974, enclosed for publication in the Federal Register is a special message from the President reflecting the proposals for rescission under section 1012 of that Act that were transmitted to the Congress for consideration on May 8, 2018. In total, these proposals would rescind $15.4 billion in budget authority. These proposed rescissions affect programs of the Departments of Agriculture, Commerce, Energy, Health and Human Services, Housing and Urban Development, Justice, Labor, State, Transportation, and the Treasury, as well as the Corporation for National and Community Service, Environmental Protection Agency, Railroad Retirement Board, Millennium Challenge Corporation, and the U.S. Agency for International Development. If enacted, these rescissions would decrease Federal outlays in the affected accounts by an estimated $3.0 billion; this would have a commensurate effect on the Federal budget deficit and the national economy, and would result in less borrowing from the Federal Treasury.