*MNUCHIN TO PLACE $455 BLN UNSPENT CARES MONEY IN GENERAL FUND ... *TREASURY NEEDS CONGRESSIONAL APPROVAL TO USE GENERAL-FUND MONEY
Transferring to the general fund before Jan 1, 2026 would be in violation of the CARES Act
Transferring to the general fund before Jan 1, 2026 would be in violation of the CARES Act
4027(a) is very clear that Congress& #39; $500B appropriation to the ESF was to "carry out this subtitle."
4027(c)(2) is the only place in the subtitle that permits a transfer to the general fund, and it specifies that this is only "On January 1, 2026" (not "by" or "no later than")
4027(c)(2) is the only place in the subtitle that permits a transfer to the general fund, and it specifies that this is only "On January 1, 2026" (not "by" or "no later than")
Section 4027 of the CARES Act is quite clear about the timeline and set of purposes for which the ESF appropriation may be used: