A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Treasury relating to "Coronavirus State and Local Fiscal Recovery Funds".

Bill: 118-sjres-57
Sponsor: full_name: Sen. Schmitt, Eric [R-MO]
Introduced: 2024-02-01
Policy area: Health
Subjects: Accounting and auditing

Administrative law and regulatory procedures

Congressional-executive branch relations

Department of the Treasury

Government information and archives

Intergovernmental relations

State and local finance

State and local government operations
Latest action: action_date: 2024-05-15
text: Failed of passage in Senate by Yea-Nay Vote. 46 - 49. Record Vote Number: 168.

Summaries:
action_date: 2024-02-01
action_desc: Introduced in Senate
text: <p>This joint resolution nullifies the Department of Treasury's rule titled <em>Coronavirus State and Local Fiscal Recovery Funds</em>, which was issued on November 20, 2023.</p><p>The rule relates to the use of State and Local Fiscal Recovery Funds (SLFRF), which were initially authorized under the American Rescue Plan Act of 2021 to help state and local governments respond to the COVID-19 public health emergency. Current regulations allow for the use of funds for authorized purposes by December 31, 2026, if such funds are obligated for expenditure by December 31, 2024.</p><p>The rule modifies the definition of an&nbsp;<em>obligation&nbsp;</em>to include satisfaction of administrative or legal requirements that are associated with the SLFRF program, such as reporting, audit, or environmental compliance requirements. Funds for these purposes are considered to be obligated by the required deadline of December 31, 2024. Estimated amounts of such obligations must be reported to Treasury by April 30, 2024, and the funds must still be used by December 31, 2026.</p>

tv_txt: IIA Calendar No. 387 118th CONGRESS 2d Session S. J. RES. 57 IN THE SENATE OF THE UNITED STATES February 1, 2024 Mr. Schmitt (for himself, Mr. Marshall , Mr. Cotton , Mr. Braun , Mrs. Blackburn , Mr. Scott of Florida , Mr. Hagerty , Ms. Ernst , Mr. Johnson , Ms. Lummis , Mr. Budd , Mr. Lee , and Mr. Ricketts ) introduced the following joint resolution; which was read twice and referred to the Committee on Finance May 14, 2024 Committee discharged, by petition, pursuant to 5 U.S.C. 802(c) , and placed on the calendar JOINT RESOLUTION Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Treasury relating to Coronavirus State and Local Fiscal Recovery Funds .

That Congress disapproves the rule submitted by the Department of the Treasury relating to Coronavirus State and Local Fiscal Recovery Funds (88 Fed. Reg. 80584 (November 20, 2023)), and such rule shall have no force or effect.

May 14, 2024 Committee discharged, by petition, pursuant to 5 U.S.C. 802(c) , and placed on the calendar

tv_txt: IIA 118th CONGRESS 2d Session S. J. RES. 57 IN THE SENATE OF THE UNITED STATES February 1, 2024 Mr. Schmitt (for himself, Mr. Marshall , Mr. Cotton , Mr. Braun , Mrs. Blackburn , Mr. Scott of Florida , Mr. Hagerty , Ms. Ernst , Mr. Johnson , and Ms. Lummis ) introduced the following joint resolution; which was read twice and referred to the Committee on Finance JOINT RESOLUTION Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Treasury relating to Coronavirus State and Local Fiscal Recovery Funds .

That Congress disapproves the rule submitted by the Department of the Treasury relating to Coronavirus State and Local Fiscal Recovery Funds (88 Fed. Reg. 80584 (November 20, 2023)), and such rule shall have no force or effect.