Limit, Save, Grow Act

By party

The breakdown counts the 370 members whose positions are loaded; the totals above are the official record's.

Party is as each member's record lists it. Counts are of recorded positions, nothing more.

Official summary (Congressional Research Service)

Limit, Save, Grow Act of 2023 This bill increases the federal debt limit and decreases spending. It also repeals several energy tax credits, modifies the permitting process and other requirements for energy projects, expands work requirements for the Supplemental Nutrition Assistance Program (SNAP) and other programs, and nullifies regulations for the cancellation of federal student loan debt. DIVISION A--LIMIT FEDERAL SPENDING TITLE I--DISCRETIONARY SPENDING LIMITS FOR DISCRETIONARY CATEGORY (Sec. 101) This section establishes discretionary spending limits for FY2024-FY2033 that include decreases in discretionary spending. In addition, the section extends and establishes new limits for several adjustments to discretionary spending limits that are permitted under current law to accommodate additional appropriations for certain activities. These adjustments apply to spending for continuing disability reviews and redeterminations, health care fraud and abuse control, reemployment services and eligibility assessments, and wildfire suppression. The section also extends the adjustment to discretionary spending limits for disaster relief funding. (Under current law, this adjustment is limited based on a statutory formula.) DIVISION B--SAVE TAXPAYER DOLLARS TITLE I--RESCISSION OF UNOBLIGATED FUNDS (Sec. 201) This section rescinds unobligated funds that were provided by specified acts to address the impact of COVID-19. Specifically, the section rescinds funds that were provided by the American Rescue Plan Act of 2021; the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020; the Families First Coronavirus Response Act; the Coronavirus Aid, Relief, and Economic Security Act (CARES Act); and the Paycheck Protection Program and Health Care Enhancement Act. This section also rescinds unobligated funds that were provided by two divisions of the Consolidated Appropriations Act, 2021: Division M (Coronavirus Response and Relief Supplemental Appropriations Act, 2021), and Division N (Additional Coronavirus Response and Relief). (Sec. 202) This section rescinds unobligated funds that were provided by the 2022 budget reconciliation act (commonly referred to as the Inflation Reduction Act of 2022). Specifically, the section rescinds funds that were provided for assisting states and local governments in adopting building codes that meet certain requirements for energy efficiency; financing certain energy infrastructure projects; carrying out priority deferred maintenance projects within the National Park System; reducing greenhouse gas air pollution; and establishing the Neighborhood Access and Equity Grant Program to improve transportation facilities. TITLE II--PROHIBIT UNFAIR STUDENT LOAN GIVEAWAYS (Sec. 211) This section nullifies certain actions taken by the Department of Education (ED) related to federal student loans, including actions that suspend federal student loan payments, discharge debt, and implement a new income-driven repayment plan. It also prohibits ED from implementing new executive actions or rules that are identical or substantially similar to the nullified actions unless the action or rule is expressly authorized by Congress. (Sec. 212) This section limits the authority of ED to propose or issue regulations and executive actions related to federal student-aid programs. The section prohibits ED from issuing such a proposed rule, final regulation, or executive action if ED determines that the rule, regulation, or action (1) is economically significant, and (2) would result in an increase in a subsidy cost resulting from a loan modification. Economically significant refers to a regulation or executive action that is likely to (1) have an annual effect on the economy of $100 million or more; or (2) adversely affect in a material way the economy, a sector of the economy, productivity, competition, jobs, the environment, public health or safety, or state, local, or tribal governments or communities. TITLE III--REPEAL MARKET DISTORTING GREEN TAX CREDITS (Sec. 222) This section modifies or repeals certain energy-related tax provisions. It modifies the tax credit for producing electricity from renewable resources by decreasing the base amount of such credit and by advancing the terminating date (to before January 1, 2022) applicable to wind, open and closed-end biomass, solar, landfill gas, trash, hydropower, and marine and hydrokinetic renewable energy resources. (Sec. 223) This section modifies the percentage rate of the energy tax credit applicable to various energy properties, including solar, fuel cell, qualified microturbine, combined heat and power, and small wind energy and advances the terminating date for such properties. The section also repeals prevailing wage requirements for laborers and mechanics employed for the construction of qualifying energy facilities and the increased credits for using U.S.-sourced materials in energy facilities and locating in certain energy communities. (Sec. 224) This section repeals the increase in the energy tax credit for solar and wind facilities in low-income communities. (Sec. 228) This section modifies the tax credit for nonbusiness energy property to reduce the rate of such credit from 30% to 10% of qualified energy efficiency improvements and residential energy property expenditures paid or incurred by a taxpayer and eliminates the credit at the end of 2021. It revises the definition of qualified energy property for purposes of such credit to eliminate certain types of property, including natural gas heat pumps and biomass stoves or boilers. This title modifies provisions and advances certain expiration dates relating to the tax credits for new energy efficient homes (Sec. 231), new clean electric vehicles (Sec. 232), the refueling property tax credit (Sec. 235), the qualifying advanced energy projects (Sec. 236), and the tax deduction for energy efficient commercial buildings (Sec. 230). The title repeals the zero-emissi