💰Proposed Rescissions' Impact on International Assistance Programs
Rescissions Proposals Pursuant to the Congressional Budget and Impoundment Control Act of 1974
Summary
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 June 3, 2025. In total, these proposals would rescind $9.4 billion in budget authority. These proposed rescissions affect programs of the Department of State, as well as the Corporation for Public Broadcasting (CPB), the U.S. Agency for International Development (USAID), the U.S. Institute of Peace, and other International Assistance Programs. If enacted, these rescissions would decrease Federal outlays in the affected accounts by the same amount; 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.
Agencies
- Management and Budget Office
Business Impact
$$$ - High
The proposal for rescissions directly affects multiple international assistance programs and funding levels, which can impact business operations relying on federal support or involved in international trade and aid. The overall reduction in budget authority suggests decreased expected federal spending, influencing economic conditions.