End-of-Year Fiscal Responsibility Act

Bill: 116-s-1238
Sponsor: full_name: Sen. Ernst, Joni [R-IA]
Introduced: 2019-04-30
Policy area: Economics and Public Finance
Subjects: Appropriations

Congressional oversight

Executive agency funding and structure

Government information and archives
Latest action: action_date: 2019-04-30
text: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Summaries:
action_date: 2019-04-30
action_desc: Introduced in Senate
text: <p><b>End-of-Year Fiscal Responsibility Act</b></p> <p>This bill prohibits an executive agency from spending more in each of the last 2 months of a fiscal year than the agency's average monthly spending for the previous 10 months. The bill applies to obligations of discretionary appropriations and includes an exception for national security-related activities. </p>

tv_txt: II 116th CONGRESS 1st Session S. 1238 IN THE SENATE OF THE UNITED STATES April 30, 2019 Ms. Ernst introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs A BILL To provide requirements for Executive agency spending at the end of a fiscal year, and for other purposes.

1. Short title This Act may be cited as the End-of-Year Fiscal Responsibility Act . 2. Definitions In this Act: (1) Covered period The term covered period means the 2-month period immediately preceding the end of a fiscal year. (2) Discretionary appropriations The term discretionary appropriations has the meaning given the term in section 250(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 900(c) ). (3) Executive agency The term Executive agency has the meaning given the term in section 105 of title 5, United States Code. 3. Requirements for Executive agency spending at the end of a fiscal year (a) In general Except as provided in subsection (c), 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. (b) 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. (c) Exception This section shall not apply with respect to any discretionary appropriations obligated by an Executive agency for national security-related activities.