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-hjres-110
Sponsor: full_name: Rep. Balderson, Troy [R-OH-12]
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: 2024-02-01
text: Referred to the House Committee on Oversight and Accountability.

Summaries:
action_date: 2024-02-01
action_desc: Introduced in House
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: IA 118th CONGRESS 2d Session H. J. RES. 110 IN THE HOUSE OF REPRESENTATIVES February 1, 2024 Mr. Balderson (for himself, Mr. Hern , Mr. Cline , Mr. Cloud , Mr. Weber of Texas , Mr. Edwards , Mr. Donalds , Mr. Moolenaar , Mr. Clyde , Mr. Grothman , Mr. LaMalfa , Mrs. Cammack , Ms. Hageman , Ms. Van Duyne , and Mr. Duncan ) submitted the following joint resolution; which was referred to the Committee on Oversight and Accountability 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.