On June 3, The White House sent a request to clawback $9.4 billion in federal spending including for a global AIDS program (PEPFAR), NPR, and PBS. Congress must pass it within 45 days for it to take affect. The deadline is July 18.
On June 12, the U.S. House of Representatives passed the rescission package in a 214–212 vote.
Activity to date can be tracked at https://www.congress.gov/bill/119th-congress/house-bill/4/all-actions (HR4 - Rescissions Act of 2025)
Info from a news article:
> Congress has until the end of the day on July 18 to get the legislation to President Donald Trump’s desk, or the rescissions request expires, forcing the administration to spend the money as Congress originally intended. And assuming the Senate does make changes, it would bounce the legislation back to the House for a final vote. Senate leaders are gambling that their counterparts across the Capitol will just swallow those revisions.
Resolves YES if the Senate passes the bill unchanged by the end of July 18 (ET)
Resolves YES if the Senate passes a changed version of the bill but the House passes the same version as the Senate by the end of July 18 (ET)
Resolves NO if neither happens by the end of July 18 (ET)
It is not clear to me if the legal deadline is for both chambers of Congress to pass the bill or for President Trump to sign the bill. However, in the unlikely event that both chambers of Congress pass the same version of the bill before midnight on July 18 but the President does not sign it before midnight, this resolves YES.
Update 2025-07-17 (PST) (AI summary of creator comment): The creator has indicated that the event has concluded and they will be resolving the market soon. See the linked comment for details.
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| # | Name | Total profit |
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| 1 | Ṁ507 | |
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People are also trading
https://www.c-span.org/event/us-house-of-representatives/us-house-of-representatives/434776
The House is voting. I believe there is a final vote following this one, although I don't understand the process very well.
https://www.politico.com/live-updates/2025/07/17/congress/gop-has-a-plan-for-the-epstein-files-00461997
>Republicans on the Rules Committee plan to report out two rules Thursday night. The first will advance the rescissions package and, once it’s approved on the House floor, it will effectively clear the package for final passage without requiring a second vote.
The committee appears to have finished and readied the bill for a vote by the House. I cannot find information about whether that will take place tonight or tomorrow.
26 hours to deadline.
https://xcancel.com/JakeSherman/status/1946005520705327352#m
https://xcancel.com/JakeSherman/status/1946009431541440726#m
It seems that the House Rules Committee is still meeting.
27 hours to deadline.
https://thehill.com/homenews/house/5407352-republicans-house-vote-epstein-resolution/
>Republicans on the House Rules Committee, after negotiations with GOP leaders, will tee up a vote on a resolution calling for the release of information related to the late Jeffrey Epstein, two sources tell The Hill, as the conference grapples with GOP frustrations over the Trump administration’s handling of the saga.
>The effort comes as a highly anticipated vote on legislation to claw back billions of dollars of federal funding stalls in the House amid the debate over the Epstein files. Lawmakers are staring down a Friday deadline to send President Trump the package, or else the Trump administration must release the funds.
>The plan, according to the sources, is for the House Rules Committee to meet at 6 p.m. and advance a new resolution calling for some information related to Epstein to be released
30 hours to deadline.
https://thehill.com/homenews/house/5407191-epstein-files-trump-doge-cuts/
> The fight over how the Trump administration has handled disclosures relating to convicted sex offender Jeffrey Epstein is holding up final approval of a bill to codify $9 billion in Department of Government Efficiency (DOGE) cuts to public broadcasting and foreign aid.
> Republicans on the House Rules Committee huddled with Speaker Mike Johnson (R-La.) and House Majority Leader Steve Scalise (R-La.) for more than an hour Thursday afternoon as the group searched for a path forward on the Epstein saga,
> Rep. Jim McGovern (Mass.), the top Democrat on the House Rules Committee, said the panel was originally supposed to meet at 10 a.m. Thursday to consider the rescissions package, but that got pushed as the Republicans negotiated on how to handle the Epstein matter.
Less than 31 hours to the deadline.
https://www.politico.com/live-updates/2025/07/17/congress/rules-epstein-resolution-johnson-00460944
> He said the Rules Committee “will be meeting” Thursday evening.
> The House Rules Committee needs to meet tonight or Friday morning in order for the chamber to clear the $9 billion rescissions package.
The House has begun voting on the crypto bills after a few hours of discussion.
It is unclear to me what steps are needed before a vote on the rescissions package. The politico article posted earlier suggested it needs to go through the Rules Committee, which presently appears to have no meetings scheduled, but there are other articles like one suggesting a path has been cleared "to allow for same-day votes on the rescissions package" and one saying that "The House is expected to vote on the rescission package later today." I don't understand these processes well enough to have high confidence in interpreting them - and it's possible that neither does the media.
https://www.politico.com/live-updates/2025/07/17/congress/johnson-trump-crypto-overnight-votes-defense-appropriations-rescissions-00459210
>The three crypto bills, the Defense appropriations bill and a rescissions package were all scheduled to get a vote this week...
> the real must-do is rescissions. The Senate finally passed a modified package around 2:30 a.m. Now the House needs to reconvene the Rules Committee, approve yet another rule on the floor and then vote on sending the $9 billion clawbacks package to Trump’s desk.
>That’s a lot to cram into less than two days, especially with the rescissions deadline looming Friday night. If they get too close to the deadline, it’s possible Minority Leader Hakeem Jeffries — fresh off of an eight-hour “magic minute” speech two weeks ago — could try to blow past it.
https://www.politico.com/live-updates/2025/07/15/congress/senate-gop-needs-vance-on-recissions-vote-00455573
> Republican senators will need Vice President JD Vance to advance President Donald Trump’s effort to claw back billions in funding. GOP Sens. Mitch McConnell, Susan Collins and Lisa Murkowski have all voted against moving the rescissions package out of committee. The procedural vote is still open but with all Democrats expected to also vote “no” it will dead lock in a tie, necessitating Vance’s engagement.
https://thehill.com/homenews/senate/5402873-senate-gop-leaders-funding-clawback-deals/
It sounds like some kind of "vote-a-rama" is expected on the bill tomorrow (Wednesday July 16), including the amendment to remove PEPFAR from the cuts.
Currently there are Senators taking turns speaking about the cuts but I can't tell if there are expected to be any votes, including the procedural steps, tonight.
https://www.politico.com/live-updates/2025/07/15/congress/house-votes-canceled-00454994
> House GOP leaders called off an expected re-vote on a failed procedural measure Tuesday amid an impasse between Hill conservatives and Republican leadership over the fate of cryptocurrency legislation.
>The canceled vote also throws into question when and how the House might handle a final vote on President Donald Trump’s rescissions package. The Senate is expected to amend the bill Wednesday, requiring further House action. The stalled procedural measure included fast-track language ensuring the House could act ahead of Friday deadline.
https://thehill.com/homenews/senate/5402273-white-house-accepts-pepfar-exemption/
> “There is a substitute amendment that does not include the PEPFAR recission and we’re fine with that,” Vought said Tuesday after the lunch.
> The amendment means the House will have to vote again on the legislation.
https://thehill.com/homenews/senate/5401866-thune-senate-vote-rescissions-package/
The Senate is expected to vote today on the motion to discharge the rescissions package out of the Appropriations Committee. If passes, they expect to vote on the motion to proceed to the legislation on the floor. If that passes, they expect to vote on the package itself, possibly sometime tonight.