Sec. 4. Rescissions and sunset

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Of the unobligated balances from amounts made available to the Department of Agriculture in section 1001(a) of the American Rescue Plan Act of 2021 ( 7 U.S.C. 7501 note; Public Law 117–2 ), $1,000,000,000 are hereby permanently rescinded. Of the unobligated balances from amounts made available to the Department of Agriculture in section 751 of division N of the Consolidated Appropriations Act, 2021 ( Public Law 116–260 ; 134 Stat. 2105), $400,000,000 are hereby permanently rescinded.

Of the unobligated balances from amounts made available to the Department of Education in section 2003 of title II of the American Rescue Plan Act of 2021 ( Public Law 117–2 ; 135 Stat. 23) and allocated to institutions of higher education as defined in section 102(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1002(b) ), $400,000,000 are hereby permanently rescinded. Of the unobligated balances from amounts made available to the Small Business Administration in section 5005 of the American Rescue Plan Act of 2021 ( Public Law 117–2 ; 135 Stat. 91) and in section 323(d)(1)(H) of division N of the Consolidated Appropriations Act, 2021 ( Public Law 116–260 ; 134 Stat. 2021) to carry out section 324 of such division of such Act ( 15 U.S.C. 9009a ), $1,500,000,000 are hereby permanently rescinded.

Of the unobligated balances from amounts made available to the Department of Agriculture under the heading Agricultural Programs—Office of the Secretary in title I of division B of the Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 ; 134 Stat. 505), $600,000,000 are hereby permanently rescinded. Section 756 of division N of the Consolidated Appropriations Act, 2021 ( 7 U.S.C. 2254c ), is amended by striking for fiscal year and all that follows through thereafter and inserting for each of fiscal years 2021 and 2022 .

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