Summary:
Decrease Spending Now Act - Rescinds $45 billion of unobligated balances of current discretionary appropriations.

Requires the Director of the Office of Management and Budget (OMB) to: (1) determine which appropriation accounts the rescission shall apply to and the amount that each such account shall be reduced, and (2) report to the Secretary of the Treasury and Congress a list of the accounts reduced by the rescission, including the amounts rescinded from each such account.

Exempts from such rescission the Department of Defense (DOD), the Department of Veterans Affairs (VA), and the Social Security Administration (SSA).

decrease spending act rescinds billion unobligated balances current discretionary appropriations requires director office_of_management_and_budget omb determine appropriation accounts rescission shall apply account shall reduced report secretary treasury congress list accounts reduced rescission including amounts rescinded account exempts rescission department_of_defense dod department_of_veterans_affairs social_security_administration ssa