To the Congress of the United States:
In accordance with the Impoundment Control Act of 1974, I herewith report 81 proposals to rescind a total of $11.1 billion in budget authority previously provided by the Congress. In addition, I am proposing to reduce authority to incur obligations for direct loans by a total of $751.8 million and I am reporting one new deferral of $3.4 million. These proposals are an integral part of my plan to reduce government spending.
The details of the rescission proposals and the deferral are contained in the attached reports.
RONALD REAGAN
The White House,
March 17, 1981.
Note: The attachments detailing the rescission proposals and the deferral are printed in the Federal Register of March 25, 1981.
Ronald Reagan, Message to the Congress Reporting Budget Rescissions and a Deferral Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/247366