Reallocating non-security discretionary appropriations to support retiree tax relief

(a) Rescission Subject to subsection (c), for fiscal year 2027, and each fiscal year thereafter, effective on the day after the date on which appropriations are made available through September 30 of the applicable fiscal year for the entire Federal Government, there is rescinded an amount equal to the total cost for such fiscal year, on a pro rata basis, from amounts made available through regular appropriation Acts. (b) Regular appropriation Act For purposes of this section, the term regular appropriation Act — (1) means an annual appropriation Act (as described in section 105 of title 1, United States Code) providing new budget authority (as defined in section 3 of the Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C. 622)) for the programs, projects, and activities under the jurisdiction of a subcommittee of the Committee on Appropriations of the Senate; and (2) includes— (A) a title, division, or other subdivision of an Act or resolution that, if it were a separate Act, would be an Act described in paragraph (1); and (B) a resolution or Act, or a title, division, or other subdivision of a resolution or Act, making continuing appropriations for all, or a portion of, a fiscal year. (c) Exclusion Subsection (a) shall not apply with respect to any discretionary appropriations included in the security category (as defined in Section 250(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 900(c))). (d) Total cost For purposes of this section, the term total cost means, with respect to a fiscal year, an amount (as determined by the Secretary of the Treasury) equal to the total reduction in the transfers to each fund under the Social Security Act or the Railroad Retirement Act of 1974 for such fiscal year by reason of the amendments made by section 2(b) (as determined without respect to any appropriation made pursuant to section 2(c)). (e) OMB report Not later than January 1, 2028, and annually thereafter, the Director of the Office of Management and Budget shall publish a report detailing any rescissions made under this section with respect to the most recently completed fiscal year.