The Rescission Act of 1946 is a law of the United States reducing (rescinding) the amounts of certain funds already designated for specific government programs, much of it for the U.S. military, after World War II concluded and as American military and public works spending diminished. The effect was to retroactively annul benefits to Filipino troops for their military service under the auspices of the United States while the Philippines was a U.S. unincorporated territory and Filipinos were U.S. nationals.