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. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Fiscal Responsibility 
Using Government Accountability Laws Act of 2014’’ or 
the ‘‘FRUGAL Act’’. 
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SEC. 2. OFFSHORE TAX POLICIES ENFORCEMENT. 
(a) DETERMINATION
OF EXTENT
OF TAXPAYER 
COMPLIANCE IN REPORTING ON FOREIGN ACCOUNTS.— 
(1) IN GENERAL.—Not later than 1 year after 
the date of the enactment of this Act, the Treasury 
Inspector General for Tax Administration shall— 
(A) conduct an analysis designed to meas-
ure the extent to which taxpayers are reporting 
existing foreign accounts and circumventing the 
2003 Offshore Voluntary Compliance Initiative, 
2009 Offshore Voluntary Disclosure Program, 
2011 Offshore Voluntary Disclosure Initiative, 
and 2012 Offshore Voluntary Disclosure Pro-
grams and the extent to which taxpayers are 
properly utilizing offshore voluntary disclosure 
initiatives, and 
(B) submit a report to Congress based on 
the analysis. 
(2) REPORT.—The report required by para-
graph (1) shall— 
(A) specify the extent to which taxpayers 
are circumventing offshore voluntary compli-
ance initiatives and the amount of lost revenue 
as a result of such circumvention, and 
(B) contain such recommendations as the 
Treasury Inspector General for Tax Adminis-
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tration considers is necessary or appropriate for 
closing offshore tax loopholes and increasing 
revenue collection from offshore sources. 
(b) INCREASE IN EDUCATIONAL OUTREACH CON-
CERNING TAXPAYER OFFSHORE TAX OBLIGATIONS.— 
(1) IN GENERAL.—The Commissioner of Inter-
nal Revenue shall— 
(A) improve targeting taxpayers with off-
shore accounts by determining how taxpayers 
learned about the offshore voluntary disclosure 
program and targeting outreach efforts about 
offshore account reporting requirements to re-
cent immigrants, and 
(B) use data gained from offshore pro-
grams— 
(i) to identify taxpayers with unre-
ported foreign accounts, and 
(ii) to educate populations of tax-
payers that might not be aware of their tax 
obligations related to offshore income filing 
requirements. 
(2) REPORT.—Not later than 1 year after the 
date of the enactment of this Act, the Commissioner 
of Internal Revenue shall submit a report to Con-
gress describing how the Internal Revenue Service 
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will close offshore tax loopholes and containing rec-
ommendations for closing offshore tax loopholes and 
increasing revenue collection from offshore sources. 
SEC. 
3. 
REVERSE 
AUCTIONS 
IN 
GOVERNMENT 
CON-
TRACTING. 
(a) REVISION OF FAR.—Not later than 180 days 
after the date of the enactment of this Act, the Federal 
Acquisition Regulation shall be revised to clarify the provi-
sions relating to the use of reverse auctions by Federal 
agencies. 
(b) GUIDELINES.—The revisions to the Federal Ac-
quisition Regulation shall include guidelines for the most 
efficient use of reverse auctions, including guidelines for 
ensuring that reverse auctions uphold high quality stand-
ards and that small businesses can continue to participate 
in the procurement process. 
(c) REVERSE AUCTION DEFINED.—In this section, 
the term ‘‘reverse auction’’, with respect to a procurement 
by a Federal agency, means a real-time auction conducted 
through an electronic medium by a group of offerors that 
compete against each other by submitting bids for a con-
tract or a task or delivery order, with the ability to submit 
revised bids throughout the course of the auction, with 
award made to the offeror that submits the lowest bid. 
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SEC. 4. COIN INVENTORY MANAGEMENT PLAN AND RE-
PORT. 
(a) PLAN REQUIRED.—Not later than 180 days after 
the date of the enactment of this Act, the Board of Gov-
ernors of the Federal Reserve System shall develop and 
implement a plan to reduce spending on coin inventory 
management. 
(b) CONTENTS OF PLAN.—The plan required under 
subsection (a) shall— 
(1) assess factors that have increased coin man-
agement costs; 
(2) establish a process to separately monitor di-
rect and indirect costs, including support costs, of 
coin management; 
(3) establish goals and performance metrics re-
lated to coin management costs; and 
(4) establish a process to systematically track, 
analyze, and revise forecasting models of coin orders. 
(c) REPORT.—The Board of Governors shall submit 
to Congress a report on the plan that includes— 
(1) a timeline for implementing each objective 
of the plan; 
(2) a description of the accuracy of monthly 
forecasts of coin orders; and 
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(3) a description of cost effective coin manage-
ment practices across Federal reserve banks. 
Æ 
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