End-of-Year Fiscal Responsibility Act
Sponsored By: Senator Ernst, Joni [R-IA]
In Committee
Summary
Limits end-of-year discretionary spending by executive agencies. The bill would cap each agency's monthly discretionary obligations during the two-month period before a fiscal year ends to the agency's average monthly obligations over the prior 10 months.
Show full summary
- Executive agencies would face a monthly cap during the two-month covered period so obligations cannot exceed the agency's average monthly discretionary obligations from the prior 10 months.
- Congress and the public would get a clearer record because each agency would have to submit and post an itemized list of discretionary obligations for the covered period within 60 days after the fiscal year ends.
- National security activities and disaster relief spending would be exempt from the cap, so those obligations would not count against the limit.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Caps and reporting for year-end agency spending
This bill would define the "covered period" as the two months before a fiscal year ends. It would limit how much an Executive agency could obligate in each month of that period. Each month's limit would equal the agency's average monthly discretionary obligations over the prior 10 months. The cap would not apply to national security activities or disaster relief. The bill would also require agencies to send an itemized list of discretionary obligations for the covered period to Congress and post it online 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.
View on Congress.gov