Pasadena City Council
May 8, 2023

Attachment B
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15 1 DIVISION B-SAVE TAXPAYER
2 DOLLARS
3 TITLE I-RESCISSION OF UNOB-
4 LIGATED CORONAVIRUS
5 FUNDS
6 SEC. 201. RESCISSION OF UNOBLIGATED CORONAVIRUS
FUNDS.
8 The unobligated balances of amounts appropriated or
9 otherwise made available by the American Rescue Plan
10 Act of 2021 (Public Law 117-2), and by each of Public 11 Laws 116-123, 116-127, 116-136, and 116-139 and di-
12 visions M and N of Public Law 116-260, are hereby per- 13 manently rescinded.
14 TITLE II-PROHIBIT UNFAIR
15 STUDENT LOAN GIVEAWAYS
16 SEC. 211. NULLIFICATION OF CERTAIN EXECUTIVE AC-
17 TIONS AND RULES RELATING TO FEDERAL
18 STUDENT LOANS.
19 (a) IN GENERAL.—The following shall have no force
20 or effect:
21 (1) The waivers and modifications of statutory
22 and regulatory provisions relating to an extension of the suspension of payments on certain loans and
24 waivers of interest on such loans under section 3513 25 of the CARES Act (20 U.S.C. 1001 note)—
g: /F10419231F041923.033.xml (874488131)
April 19, 2023 (1:56 p.m.)