Limit, Save, Grow Act of 2023

What H.R. 2811 does, in plain terms

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-emission nuclear power production tax credit; (Sec. 225) sustainable aviation fuel tax credit; (Sec. 226) tax credit for the production of clean hydrogen; (Sec. 227) tax credit for previously-owned plug-in electric and fuel cell vehicles; (Sec. 233) tax credit for qualified commercial clean vehicles; (Sec. 234) advanced manufacturing production tax credit; (Sec. 237) clean electricity production tax credit; (Sec. 238) clean electricity investment tax credit; (Sec. 239) five-year cost recovery for the depreciation of certain energy property or energy storage technology facilities; (Sec. 240) clean fuel production tax credit; (Sec. 241) and taxpayer election of payments, in lieu of credits, for specified energy property and production of electricity from certain renewable resources. (Sec. 242) TITLE IV--FAMILY AND SMALL BUSINESS TAXPAYER PROTECTION (Sec. 251) This title rescinds unobligated amounts made available to the Internal Revenue Service by the Inflation Reduction Act of 2022 for (1) enforcement activities, (2) operations support, and (3) a report on the cost and feasibility of a free direct e-file tax return system. It also rescinds additional funding for the Treasury Inspector General for Tax Administration, the Office of Tax Policy, the U.S. Tax Court, and Department of the Treasury offices. DIVISION C--GROW THE ECONOMY TITLE I--TEMPORARY ASSISTANCE TO NEEDY FAMILIES This title makes various changes to the work requirements and other aspects of the Temporary Assistance for Needy Families (TANF) program. (Sec. 301) This section changes the comparison year for calculating the caseload reduction credit from FY2005 to FY2022. Under current law, states must meet a mandatory work participation rate by ensuring that a specified percentage of families that receive TANF assistance participate in work-related activities. However, a state may earn a caseload reduction credit to lower that rate by reducing its caseload of families receiving TANF assistance as compared to its caseload in FY2005. This section changes the comparison year to FY2022. (Sec. 302) This section nullifies certain regulations of the Department of Health and Human Services that reduce the required work participation rate for states that exceed their maintenance of effort requirements (i.e., spend more of their own funds on TANF-related programs and activities than the amount they are required to spend under current law). (Sec. 303) This section restricts a practice whereby some states provide a limited amount of TANF assistance to families as a supplement to benefits that the families receive under another program and then count those families when determining their work participation rate. Specifically, it requires states to apply specified TANF conditions to that assistance. Currently, some states provide small amounts of TANF assistance to families who receive Supplemental Nutrition Assistance Program (SNAP) benefits and have a family member who is already working. The states then include these families for purposes of determining the work participation rate. Under this section, a state may only include those families in the work participation rate if the state applies TANF conditions related to child support, assignment of rights to other support, and work assessments to that assistance. (Sec. 304) This section requires states to report metrics related to the employment and educational outcomes of individuals who exit the TANF program. Specifically, states must report on the employment rate for individuals in unsubsidized employment following their exit from the program and their median earnings. Additionally, states must report on the percentage of individuals under age 24 who obtain a high school degree or equivalent while in the TANF program or within a year of their exit. (Sec. 305) This section makes the changes to the TANF program effective on October 1, 2024. TITLE II--SNAP EXEMPTIONS (Sec. 311) This section expands applicability of the work requirements for SNAP recipients who are able-bodied adults without dependents (ABAWDs). (SNAP recipients who are ABAWDs have work-related requirements in addition to the general SNAP work registration and employment and training requirements.) Specifically, this section applies the work requirements for ABAWDs to adults who are not over 56 years old, whereas these requirements currently apply to adults who are not over 50 years old. (Sec. 312) This section prohibits a state agency from accumulating unused exemptions to the ABAWD work requirement and providing them to eligible SNAP participants beyond the subsequent fiscal year. Currently, for each fiscal year, a state agency may exempt a certain number of SNAP recipients from the ABAWD work requirements; unused exemptions may be carried over and used in a subsequent fiscal year. Under this section, an unused exemption may not be carried over for more than one year. (Sec. 313) This section expands the purpose of SNAP to include assisting low-income adults in obtaining employment and increasing their earnings. TITLE III--COMMUNITY ENGAGEMENT REQUIREMENT FOR APPLICABLE INDIVIDUALS (Sec. 321) This section establishes community engagement requirements (i.e., work requirements) for certain adults under Medicaid. Specifically, the community engagement requirement is for individuals ages 19 through 55 to work, engage in community service, or participate in a work program (or a combination of these) for at least 80 hours per month. The section prohibits federal payments for, and allows state Medicaid programs to disenroll, individuals who do not meet these requirements for three or more months in a year. The requirements do not apply to individuals who are (1) physically or mentally unfit to work, (2) pregnant, (3) parents or caretakers of children or incapacitated individu

Official summary by the Congressional Research Service, via Congress.gov.