Prime CUTS Act

To eliminate unnecessary spending by Federal agencies, and for other purposes. 1. Short title This Act may be cited as the Prime Cancel Unnecessary Transactions and Spending Act Prime CUTS Act 2. Requirements for Executive agency spending at the end of a fiscal year (a) Definitions In this section: (1) Covered period The term covered period (2) Discretionary appropriations The term discretionary appropriations 2 U.S.C. 900(c) (3) Executive agency The term Executive agency (b) Requirements for executive agency spending at the end of a fiscal year (1) In general Except as provided in paragraph (3), the amount of discretionary appropriations obligated by an Executive agency during each month of a covered period may not exceed the average monthly amount of discretionary appropriations obligated by the Executive agency during the 10-month period immediately preceding the covered period. (2) Report Not later than 60 days after the end of each fiscal year, each Executive agency shall submit to Congress and post on a publicly available website an itemized list of discretionary appropriations obligated by the Executive agency during the covered period immediately preceding the date on which the report is submitted. (3) Exception This section shall not apply with respect to any discretionary appropriations obligated by an Executive agency for national security-related activities. 3. Authority of Department of Defense to consolidate infrastructure distribution centers to improve effectiveness and efficiency of supply chain and inventory management (a) In general The Secretary of Defense may consolidate infrastructure, including warehouses, at the distribution centers of the Department of Defense to improve the effectiveness and efficiency of the supply chain and inventory management of the Department to support the needs of the Armed Forces and reduce costs. (b) Plan (1) In general Not later than 60 days before implementing any consolidation under subsection (a), the Secretary shall submit to Congress a plan for such consolidation. (2) Elements Any plan submitted under paragraph (1) with respect to consolidation under subsection (a) shall include the following: (A) An estimate of the cost savings of such consolidation. (B) An itemized description of how such cost savings are expected to be spent. (C) A list of the specific facilities that will be subject to closure or disposal under such consolidation. (D) With respect to each facility subject to closure or disposal under such consolidation, an explanation of how the closure or disposal of the facility will increase the efficiency or enhance the functioning of the supply chain of the Department. (E) A certification that the overall effectiveness of the supply chain of the Department will not be compromised or hindered by such consolidation. 4. Coin metal modernization authorization and cost savings (a) Saving federal funds by authorizing changes to the composition of circulating coins Section 5112 of title 31, United States Code, is amended by adding at the end the following: (x) Composition of circulating coins (1) In general Notwithstanding any other provision of law, and subject to the other provisions of this subsection, the Director of the United States Mint (referred to in this subsection as the Director (A) reduce costs incurred by the taxpayers of the United States; (B) be seamless, which shall mean the same diameter and weight as United States coinage being minted on the date of enactment of this subsection and that the coins will work interchangeably in most coin acceptors using electromagnetic signature technology; and (C) have as minimal an adverse impact as possible on the public and stakeholders. (2) Notification to Congress On the date that is at least 90 legislative days before the date on which the Director begins making a modification described in paragraph (1), the Director shall submit to Congress notice that— (A) provides a justification for the modification, including the support for that modification in the study and analysis required under paragraph (1) with respect to the modification; (B) describes how the modification will reduce costs incurred by the taxpayers of the United States; (C) certifies that the modification will be seamless, as described in paragraph (1)(B); and (D) certifies that the modification will have as minimal an adverse impact as possible on the public and stakeholders. (3) Congressional authority The Director may begin making a modification proposed under this subsection not earlier than the date that is 90 legislative days after the date on which the Director submits to Congress the notice required under paragraph (2) with respect to that modification, unless Congress, during the period of 90 legislative days beginning on the date on which the Director submits that notice— (A) finds that the modification is not justified in light of the information contained in that notice; and (B) enacts a joint resolution of disapproval of the proposed modification. (4) Procedures For purpose of paragraph (3)— (A) a joint resolution of disapproval is a joint resolution the matter after the resolving clause of which is as follows: That Congress disapproves the modification submitted by the Director of the United States Mint. (B) the procedural rules in the House of Representatives and the Senate for a joint resolution of disapproval described under paragraph (3) shall be the same as provided for a joint resolution of disapproval under chapter 8 . (b) Determination of budgetary effects The budgetary effects of this section, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled Budgetary Effects of PAYGO Legislation 5. Termination of taxpayer financing of Presidential election campaigns (a) Termination of designation of income tax payments Section 6096 (d) Termination This section shall not apply to taxable years beginning after December 31, 2020. . (b) Termination of fund and account (1) Termination of Presidential election campaign fund (A) In general Chapter 95 of subtitle H of such Code is amended by adding at the end the following new section: 9013. Termination The provisions of this chapter shall not apply with respect to any Presidential election (or any Presidential nominating convention) after the date of the enactment of this section, or to any candidate in such an election. . (B) Transfer of remaining funds Section 9006 of such Code is amended by adding at the end the following new subsection: (d) Transfer of funds remaining after termination The Secretary shall transfer the amounts in the fund as of the date of the enactment of this subsection to the general fund of the Treasury, to be used only for reducing the deficit. . (2) Termination of account Chapter 96 of subtitle H of such Code is amended by adding at the end the following new section: 9043. Termination The provisions of this chapter shall not apply to any candidate with respect to any Presidential election after the date of the enactment of this section. . (c) Clerical amendments (1) The table of sections for chapter 95 of subtitle H of such Code is amended by adding at the end the following new item: Sec. 9013. Termination. . (2) The table of sections for chapter 96 of subtitle H of such Code is amended by adding at the end the following new item: Sec. 9043. Termination. . 6. Prohibitions; public relations and advertising spending (a) Definitions In this section: (1) Advertising The term advertising (2) Agency The term agency (3) Mascot The term mascot (A) means an individual, animal, or object adopted by an agency as a symbolic figure to represent the agency or the mission of the agency; and (B) includes a costumed character. (4) Public relations The term public relations (5) Return on investment The term return on investment (6) Swag The term swag (A) means a tangible product or merchandise distributed at no cost with the sole purpose of advertising or promoting an agency, organization, or program; (B) includes blankets, buttons, candy, clothing, coloring books, cups, fidget spinners, hats, holiday ornaments, jar grip openers, keychains, koozies, magnets, neckties, snuggies, stickers, stress balls, stuffed animals, thermoses, tote bags, trading cards, and writing utensils; and (C) does not include— (i) an item presented as an honorary or informal recognition award related to the Armed Forces of the United States, such as a challenge coin or medal issued for sacrifice or meritorious service; (ii) a brochure or pamphlet purchased or distributed for informational purposes; or (iii) an item distributed for diplomatic purposes, including a gift for a foreign leader. (b) Prohibitions Except as provided in subsection (d), and unless otherwise expressly authorized by law— (1) an agency or other entity of the Federal Government may not use Federal funds to purchase or otherwise acquire or distribute swag; and (2) an agency or other entity of the Federal Government may not use Federal funds to manufacture or use a mascot to promote an agency, organization, program, or agenda. (c) Public relations and advertising spending Each agency shall, as part of the annual budget justification submitted to Congress, report on the public relations and advertising spending of the agency for the preceding fiscal year, which may include an estimate of the return on investment for the agency. (d) Exceptions (1) Swag Subsection (b)(1) shall not apply with respect to— (A) an agency program that supports the mission and objectives of the agency that is initiating the public relations or advertising spending, provided that the spending generates a positive return on investment for the agency; (B) recruitment relating to— (i) enlistment or employment with the Armed Forces; or (ii) employment with the Federal Government; or (C) an item distributed by the Bureau of the Census to assist the Bureau in conducting a census of the population of the United States. (2) Mascots Subsection (b)(2) shall not apply with respect to— (A) a mascot that is declared the property of the United States under a provision of law, including under section 2 of Public Law 93–318 16 U.S.C. 580p–1 (B) a mascot relating to the Armed Forces of the United States. (e) Regulations Not later than 180 days after the date of enactment of this Act, the Director of the Office of Management and Budget shall issue regulations to carry out this section. 7. Prohibition on use of Federal funds for certain transit and rail projects Notwithstanding any other provision of law, the Secretary of Transportation shall not provide any new assistance for a transit or rail project if— (1) the overall cost projection to complete the project exceeds the original cost projection by at least $1,000,000,000; and (2) the operational and administrative costs of the service provided by the project are projected to exceed the revenues generated from ridership annually over the next decade.

Summary: Prime Cancel Unnecessary Transactions and Spending Act or the Prime CUTS Act This bill restricts certain spending by federal agencies. It also authorizes the U.S. Mint to modify the metallic composition of circulating coins to a new metallic composition under specified circumstances and terminates the Presidential Election Campaign Fund. Specifically, the bill limits the amount of discretionary spending that an executive agency may obligate in the two-month period immediately preceding the end of a fiscal year. The bill authorizes the Department of Defense to consolidate infrastructure at its distribution centers to improve the effectiveness and efficiency of the supply chain and inventory management. The bill prohibits specified federal spending to purchase, acquire, or distribute swag and requires each agency to report on public relations and advertising spending. Swag is merchandise (typically displaying an agency's name or seal) that is commonly distributed to all employees or participants at a particular event for the sole purpose of promoting or advertising the agency or organization. The bill prohibits the use of federal funds for certain transit and rail projects.