Draft House Bill Would Rescind $3 Billion In Prior-Year Weapons Spending

By Jason Sherman / June 4, 2013 at 5:55 PM
The House Appropriations defense subcommittee wants to rescind $3 billion in funding previously allocated to Pentagon weapons-modernization accounts, cuts that would be imposed as part of a fiscal year 2014 defense spending bill that would also trim the Pentagon's request for new weapons spending by $1.8 billion. According to a draft of the bill released today by the subcommittee, the panel would require the forfeiture of prior-year funds -- including hundreds of billions of FY-13 dollars appropriated in April --...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.