I 

113TH CONGRESS 

2D SESSION H. R. 5652 

To provide for fiscal responsibility by the Federal Government through the 

use of accountability laws. 

IN THE HOUSE OF REPRESENTATIVES 

SEPTEMBER 18, 2014 

Mr. RUIZ (for himself, Ms. KUSTER, Mr. MURPHY of Florida, Mr. SWALWELL

of California, Ms. SINEMA, and Mr. GALLEGO) introduced the following 

bill; which was referred to the Committee on Ways and Means, and in 

addition to the Committees on Oversight and Government Reform and 

Financial Services, for a period to be subsequently determined by the 

Speaker, in each case for consideration of such provisions as fall within 

the jurisdiction of the committee concerned 

A BILL 

To provide for fiscal responsibility by the Federal 

Government through the use of accountability laws. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Fiscal Responsibility 

5 Using Government Accountability Laws Act of 2014’’ or 

6 the ‘‘FRUGAL Act’’. 


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1 SEC. 2. OFFSHORE TAX POLICIES ENFORCEMENT. 

2 (a) DETERMINATION OF EXTENT OF TAXPAYER

3 COMPLIANCE IN REPORTING ON FOREIGN ACCOUNTS.— 

4 (1) IN GENERAL.—Not later than 1 year after 

5 the date of the enactment of this Act, the Treasury 

6 Inspector General for Tax Administration shall— 

7 (A) conduct an analysis designed to meas8 ure the extent to which taxpayers are reporting 

9 existing foreign accounts and circumventing the 

10 2003 Offshore Voluntary Compliance Initiative, 

11 2009 Offshore Voluntary Disclosure Program, 

12 2011 Offshore Voluntary Disclosure Initiative, 

13 and 2012 Offshore Voluntary Disclosure Pro14 grams and the extent to which taxpayers are 

15 properly utilizing offshore voluntary disclosure 

16 initiatives, and 

17 (B) submit a report to Congress based on 

18 the analysis. 

19 (2) REPORT.—The report required by para20 graph (1) shall— 

21 (A) specify the extent to which taxpayers 

22 are circumventing offshore voluntary compli23 ance initiatives and the amount of lost revenue 

24 as a result of such circumvention, and 

25 (B) contain such recommendations as the 

26 Treasury Inspector General for Tax AdminisVerDate Sep 11 2014 03:57 Oct 03, 2014 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H5652.IH H5652

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1 tration considers is necessary or appropriate for 

2 closing offshore tax loopholes and increasing 

3 revenue collection from offshore sources. 

4 (b) INCREASE IN EDUCATIONAL OUTREACH CON5 CERNING TAXPAYER OFFSHORE TAX OBLIGATIONS.— 

6 (1) IN GENERAL.—The Commissioner of Inter7 nal Revenue shall— 

8 (A) improve targeting taxpayers with off9 shore accounts by determining how taxpayers 

10 learned about the offshore voluntary disclosure 

11 program and targeting outreach efforts about 

12 offshore account reporting requirements to re13 cent immigrants, and 

14 (B) use data gained from offshore pro15 grams— 

16 (i) to identify taxpayers with unre17 ported foreign accounts, and 

18 (ii) to educate populations of tax19 payers that might not be aware of their tax 

20 obligations related to offshore income filing 

21 requirements. 

22 (2) REPORT.—Not later than 1 year after the 

23 date of the enactment of this Act, the Commissioner 

24 of Internal Revenue shall submit a report to Con25 gress describing how the Internal Revenue Service 


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1 will close offshore tax loopholes and containing rec2 ommendations for closing offshore tax loopholes and 

3 increasing revenue collection from offshore sources. 

4 SEC. 3. REVERSE AUCTIONS IN GOVERNMENT CON5 TRACTING. 

6 (a) REVISION OF FAR.—Not later than 180 days 

7 after the date of the enactment of this Act, the Federal 

8 Acquisition Regulation shall be revised to clarify the provi9 sions relating to the use of reverse auctions by Federal 

10 agencies. 

11 (b) GUIDELINES.—The revisions to the Federal Ac12 quisition Regulation shall include guidelines for the most 

13 efficient use of reverse auctions, including guidelines for 

14 ensuring that reverse auctions uphold high quality stand15 ards and that small businesses can continue to participate 

16 in the procurement process. 

17 (c) REVERSE AUCTION DEFINED.—In this section, 

18 the term ‘‘reverse auction’’, with respect to a procurement 

19 by a Federal agency, means a real-time auction conducted 

20 through an electronic medium by a group of offerors that 

21 compete against each other by submitting bids for a con22 tract or a task or delivery order, with the ability to submit 

23 revised bids throughout the course of the auction, with 

24 award made to the offeror that submits the lowest bid. 


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1 SEC. 4. COIN INVENTORY MANAGEMENT PLAN AND RE2 PORT. 

3 (a) PLAN REQUIRED.—Not later than 180 days after 

4 the date of the enactment of this Act, the Board of Gov5 ernors of the Federal Reserve System shall develop and 

6 implement a plan to reduce spending on coin inventory 

7 management. 

8 (b) CONTENTS OF PLAN.—The plan required under 

9 subsection (a) shall— 

10 (1) assess factors that have increased coin man11 agement costs; 

12 (2) establish a process to separately monitor di13 rect and indirect costs, including support costs, of 

14 coin management; 

15 (3) establish goals and performance metrics re16 lated to coin management costs; and 

17 (4) establish a process to systematically track, 

18 analyze, and revise forecasting models of coin orders. 

19 (c) REPORT.—The Board of Governors shall submit 

20 to Congress a report on the plan that includes— 

21 (1) a timeline for implementing each objective 

22 of the plan; 

23 (2) a description of the accuracy of monthly 

24 forecasts of coin orders; and 


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1 (3) a description of cost effective coin manage2 ment practices across Federal reserve banks. 

Æ 


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