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It may not look like much now, but OMB can release more of this money at any time by issuing a new apportionment, including from the $36.6 billion it set aside for fiscal 2028. ICE has until Sept. 30, 2029, to commit all of it. Whatever is left uncommitted then expires and can’t go to new contracts.
We get asked a lot: “What happens if there’s a blue wave in November?” The answer is not a lot. This money is already law. Taking it back would require a new law, and President Trump can veto it. Overriding a veto takes two-thirds of both chambers. Even if Democrats sweep, they won't have it.
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Side note re: our post earlier today. This is a good indication that more contracts are about to start flowing now that OMB has “released the funds,” so to speak.
October is nearly over, and for the first time in nearly two years, ICE's contracting activity appears to be at a record low. The agency has mostly renewed a few options here and there, and awarded a few "urgent" contracts — but we aren't seeing the massive activity that has defined the past year.