Sec. 4. Offset
155 words·~1 min read·
/bill/113/s/765/is/section-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding any other provision of law, $15,000,000 in appropriated discretionary funds are hereby rescinded, on a pro rata basis, by account, from all available unobligated funds. The Director of the Office of Management and Budget shall determine and identify from which appropriation accounts the rescission under subsection
(a)shall apply and the amount of such rescission that shall apply to each such account. Not later than 60 days after the date of enactment of this Act, the Director of the Office of Management and Budget shall submit a report to the Secretary of the Treasury and Congress of the accounts and amounts determined and identified for rescission under the preceding sentence. This section shall not apply to the unobligated funds of the Department of Defense, the Department of Veterans Affairs, or the Department of Education, or any unobligated funds available to the Department of the Interior for the postsecondary education of Native American Indian students.