LEDGER Act

Bill: 119-s-1160
Sponsor: full_name: Sen. Scott, Rick [R-FL]
Introduced: 2025-03-26
Policy area: Economics and Public Finance
Latest action: action_date: 2025-03-26
text: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Summaries:
action_date: 2025-03-26
action_desc: Introduced in Senate
text: <p><strong>Locating Every Disbursement in Government Expenditure Records Act or the LEDGER Act</strong></p><p>This bill requires the Department of the Treasury to implement a system that tracks all outlays from each appropriation, receipt, or other fund account in the Treasury by each department, agency, office, or other establishment in the executive, legislative, or judicial branches of the federal government. The system must also track the period of availability of the amounts in the applicable appropriation, receipt, or other fund account.</p>

tv_txt: II 119th CONGRESS 1st Session S. 1160 IN THE SENATE OF THE UNITED STATES March 26, 2025 Mr. Scott of Florida (for himself and Mr. Marshall ) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs A BILL To require adequate traceability for expenditures by the Federal Government.

1. Short title This Act may be cited as the Locating Every Disbursement in Government Expenditure Records Act or the LEDGER Act . 2. Traceability of expenditures (a) In general Subchapter II of chapter 35 of title 31, United States Code, is amended by adding at the end the following: 3517. Traceability of expenditures Not later than 180 days after the date of enactment of this section, the Secretary of the Treasury shall implement a system that tracks all outlays from each appropriation, receipt, or other fund account in the Treasury by each department, agency, office, or other establishment in the executive, legislative, or judicial branch of the United States Government, including disbursements subject to the requirements under section 3325, which shall include tracking the period of availability of the amounts in the applicable appropriation, receipt, or other fund account. . (b) Conforming amendment The table of sections for chapter 35 of title 31, United States Code, is amended by inserting after the item relating to section 3516 the following: 3517. Traceability of expenditures. .