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119-s-4059119th Congress

End-of-Year Fiscal Responsibility Act

Sponsored By: Senator Ernst, Joni [R-IA]

In Committee

Summary

This bill would impose a temporary end-of-year discretionary spending cap on Executive agencies for the two months before a fiscal year ends. It would also require agencies to publicly post and send Congress an itemized list of discretionary obligations made during that covered period within 60 days after the fiscal year ends.

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  • Executive agencies — Each month in the two-month covered period could not obligate more than the average monthly amount obligated during the prior ten months. This sets a short-term ceiling on end-of-year discretionary obligations.
  • Congress and the public — Agencies must submit and publicly post an itemized list of discretionary obligations for the covered period within 60 days after the fiscal year ends, increasing transparency about year-end spending.
  • National security and disaster relief programs — Obligations tied to national security activities or disaster relief are exempt from the covered-period cap.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Agency year-end spending limits and reports

This bill would set rules for Executive agencies in the two months before each fiscal year ends. It would define the "covered period" as the two months before a fiscal year ends and adopt existing legal definitions for discretionary appropriations and Executive agency. During that covered period, each agency would be limited so its monthly discretionary obligations could not exceed the agency's average monthly obligations in the prior 10 months. The cap would not apply to national security activities or disaster relief. Agencies would also have to post and send Congress an itemized list of discretionary obligations made in the covered period within 60 days after the fiscal year ends.

Sponsors & CoSponsors

Sponsor

Ernst, Joni [R-IA]

IA • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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