Limit, Save, Grow Act of 2023
Latest action. Committee on the Budget. Hearings held. Hearings printed: S.Hrg. 118-76.
Limit, Save, Grow Act of 2023
This bill increases the federal debt limit and decreases spending. It also repeals several energy tax credits, modifies the permitting process and other requirements for energy projects, expands work requirements for the Supplemental Nutrition Assistance Program (SNAP) and other programs, and nullifies regulations for the cancellation of federal student loan debt.
DIVISION A--LIMIT FEDERAL SPENDING
TITLE I--DISCRETIONARY SPENDING LIMITS FOR DISCRETIONARY CATEGORY
(Sec. 101) This section establishes discretionary spending limits for FY2024-FY2033 that include decreases in discretionary spending.
In addition, the section extends and establishes new limits for several adjustments to discretionary spending limits that are permitted under current law to accommodate additional appropriations for certain activities. These adjustments apply to spending for
continuing disability reviews and redeterminations,
health care fraud and abuse control,
reemployment services and eligibility assessments, and
wildfire suppression.
The section also extends the adjustment to discretionary spending limits for disaster relief funding. (Under current law, this adjustment is limited based on a statutory formula.)
DIVISION B--SAVE TAXPAYER DOLLARS
TITLE I--RESCISSION OF UNOBLIGATED FUNDS
(Sec. 201) This section rescinds unobligated funds that were provided by specified acts to address the impact of COVID-19. Specifically, the section rescinds funds that were provided by
the American Rescue Plan Act of 2021;
the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020;
the Families First Coronavirus Response Act;
the Coronavirus Aid, Relief, and Economic Security Act (CARES Act); and
the Paycheck Protection Program and Health Care Enhancement Act.
This section also rescinds unobligated funds that were provided by two divisions of the Consolidated Appropriations Act, 2021:
Division M (Coronavirus Response and Relief Supplemental Appropriations Act, 2021), and
Division N (Additional Coronavirus Response and Relief).
(Sec. 202) This section rescinds unobligated funds that were provided by the 2022 budget reconciliation act (commonly referred to as the Inflation Reduction Act of 2022).
Specifically, the section rescinds funds that were provided for
assisting states and local governments in adopting building codes that meet certain requirements for energy efficiency;
The summary continues for 223 more paragraphs. Read it in full on Congress.gov
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Passed House" stage on April 26, 2023. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on May 4, 2023: Committee on the Budget. Hearings held. Hearings printed: S.Hrg. 118-76.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the House
- Passage by the Senate
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 118th Congress (2023-24), 274 of the 16,565 bills and joint resolutions introduced became law, about 1.7 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
Jodey Arrington (R-TX) introduced it on April 25, 2023, and 19 members have since signed on as cosponsors.
They are 19 Republicans.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on April 25, 2023, 1234 days ago. The most recent recorded action was 1225 days ago, on May 4, 2023.
Measures do not carry over. Anything the 118th Congress has not finished by January 3, 2025 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- HouseIn committee, no floor vote yet
- SenateAwaits House passage
- PresidentAwaits both chambers