Presidential Election Resource Investment for Major Threat Response Act of 2024

Summary · Congressional Research Service (nonpartisan)

This bill rescinds funds that were provided to the Internal Revenue Service (IRS) and reallocates the funds to the U.S. Secret Service. Specifically, the bill (1) rescinds $3 billion of the unobligated funds that were provided to the IRS by the Inflation Reduction Act of 2022; and (2) provides $3 billion for the U.S. Secret Service to apply the same standards, practices, and protocols for protecting the President to protecting Vice Presidents, major presidential and vice presidential candidates, and former Presidents.