One section of a 2022 law is repealed and its unspent money taken back
What the document says“Section 50142 of Public Law 117-169 (136 Stat. 2044) (commonly known as the "Inflation Reduction Act of 2022") is repealed and the unobligated balance of amounts made available under that section (as in effect on the day before the date of enactment of this Act) is rescinded.”
The section repeals section 50142 of Public Law 117-169 and rescinds the unobligated balance of amounts made available under that section as it stood the day before enactment of this Act. That law is not indexed here, so what the repealed section provided cannot be checked against anything on this site.
What the document actually says“Section 50142 of Public Law 117-169 (136 Stat. 2044) (commonly known as the "Inflation Reduction Act of 2022") is repealed and the unobligated balance of amounts made available under that section (as in effect on the day before the date of enactment of this Act) is rescinded.”
One section of a 2022 law is wiped out. The money it set aside is taken back. Only the part not yet promised out is taken.
The balance is measured as it stood the day before this law. Money already committed is left alone. The older law is not indexed here.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.