Proposed Rescission of Budget Authority for Advances to Unemployment Trust Fund

OGC-78-13: Published: Aug 4, 1978. Publicly Released: Aug 4, 1978.

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The President's 10th special message for fiscal year 1978 pursuant to the Impoundment Control Act of 1974 proposed the rescission of $500 million in budget authority available to the Employment and Training Administration for advances to the Unemployment Trust Fund and other funds. The 45-day period during which the funds may be withheld pending congressional consideration of a rescission bill will end on September 22, 1978. The information provided in the proposal is correct, and the action being proposed has been clearly and accurately stated.

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