H.R. 7699: PAID Act
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H.R. 7699: PAID Act
117th Congress · introduced 2022-05-10 · Economics and Public Finance · Latest: Referred to the Subcommittee on Highways and Transit.
federal
Follow this bill, step by step
- Where it came from: introduced 2022-05-10 · official record
- Who proposed it: Rep. Carter, Earl L. "Buddy" [R-GA-1] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Referred to the Subcommittee on Highways and Transit. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
PAID Act
Plain summary
Paying America's Inflationary Debts Act or the PAID Act This bill rescinds specified unobligated funds that were provided by the American Rescue Plan Act of 2021, which was enacted to address the impact of COVID-19 on the economy, public health, state and local governments, individuals, and businesses. Specifically, the bill rescinds specified funds that were provided for state, territorial, local, and tribal governments; emergency rental assistance; the State Small Business Credit Initiative; Federal Transit Administration grants; the Coronavirus Capital Projects Fund; and global health activities and programs. The bill also requires the rescinded funds to be used for deficit reduction.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
What a vote does
A “Yea” vote
If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
PSI Sci description of the legislative step (not an opinion).
What does this mean? (plain words)
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The strongest published arguments
Arguments for (supporters)
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Arguments against (opponents)
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Alternatives
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. Carter, Earl L. "Buddy" [R-GA-1] · 15 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Scott Perry (R-PA), Clay Higgins (R-LA), Lauren Boebert (R-CO), Nancy Mace (R-SC), Ralph Norman (R-SC), Byron Donalds (R-FL), Glenn Grothman (R-WI), Tom McClintock (R-CA), Jay Obernolte (R-CA), Brian Babin (R-TX)
Sponsor's campaign money: Rep. Carter, Earl L. "Buddy" [R-GA-1] reported raising $7.3 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (2)
- Ballot initiative
- A proposed law or constitutional amendment that citizens place on the ballot by gathering enough voter signatures, so voters decide it directly. About half the states allow some form of it.
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117hr7699.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/hr>
Record fed-us-cong117-hr7699 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117