12/16/2024 | Press release | Distributed by Public on 12/17/2024 09:24
Supports President Trump's Efforts to Tackle Excessive and Wasteful Spending
WASHINGTON - Senator Mike Lee (R-UT) introduced legislation to repeal the Impoundment Control Act (ICA) of 1974, a law that undermines the constitutional authority of the President to exercise fiscal restraint by declining to spend appropriated funds. Congressman Andrew Clyde (GA-09) has introduced a companion bill in the House.
"The Impoundment Control Act is a Watergate-era relic of misguided overreach," said Senator Lee. "For nearly two centuries, presidents exercised the authority to impound funds as a critical check on runaway spending. The ICA's unconstitutional limitations on this power have contributed to a fiscal crisis. Repealing this law will restore the balance of power envisioned by our Constitution and empower the President to reject wasteful, unnecessary spending by administrations that voters resoundingly rejected."
"Rolling back the unconstitutional Impoundment Control Act is one of the most effective ways Congress can help President Trump in the fight to deliver the spending cuts and government efficiency that the American people overwhelmingly voted for," said Representative Clyde. "The Impoundment Control Act of 1974 has unjustly complicated the President's constitutional impoundment authority for far too long. Every President from George Washington to Richard Nixon possessed this tool to cut wasteful spending until the ICA purported to divest the President of this critical power. In the fifty years since, America's national debt and Washington's spending habits have soared out of control. We must defend the presidential power of impoundment to get America's fiscal house back in order."
Background
For bill text, click HERE
###