Resolution criteria

This market will resolve to "Yes" if the Rescissions Act of 2025 becomes law by December 31, 2025. The bill must pass both the House of Representatives and the Senate and be signed by the President. Verification will be based on official records from Congress.gov here https://www.congress.gov/bill/119th-congress/house-bill/4

Background

The Rescissions Act of 2025, introduced as H.R.4 by Rep. Steve Scalise (R-LA) on June 6, 2025, aims to rescind $9.4 billion in unobligated funds from various federal programs. The House passed the bill on June 12, 2025. (congress.gov) A companion bill, S.2067, was introduced in the Senate by Sen. Eric Schmitt (R-MO) on the same day and referred to the Committees on Appropriations and Budget. (congress.gov)

Considerations

The bill targets funds allocated to programs such as the Corporation for Public Broadcasting, global health initiatives, and international aid. Supporters argue it addresses government waste, while opponents contend it undermines critical services and international commitments. The bill's progress in the Senate and potential presidential approval are key factors in its becoming law.