Letter to Congressional Leaders Reporting Budget Rescissions
Dear Mr. Speaker: (Dear Mr. President:)
In accordance with the Impoundment Control Act of 1974, I herewith report two proposed rescissions totaling $542,000,000 and two revised deferrals of budget authority now totaling $2,950,976,437. Including the revised deferrals, funds reported as withheld now total $10.2 billion.
The proposed rescissions affect the Departments of Commerce and Housing and Urban Development. The deferrals affect International Security Assistance and the Department of Health and Human Services. The details of the deferrals and proposed rescissions are contained in the attached report.
Note: Identical letters were sent to Thomas S. Foley, Speaker of the House of Representatives, and Dan Quayle, President of the Senate. The report was printed in the "Federal Register" of July 10.
George Bush, Letter to Congressional Leaders Reporting Budget Rescissions Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/266383