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Pentagon Audit: Spending Cuts for Lack of Financial Transparency

This bill aims to ensure the U.S. Department of Defense properly accounts for its finances. If any part of the Pentagon fails a full financial audit, its budget will be cut by 1%. The money saved will go to the national treasury, helping reduce public debt, which could indirectly affect the country's financial stability.
Key points
Mandates financial audits for all components of the Department of Defense.
Failure to pass an audit results in an automatic 1% budget cut for the affected unit.
Funds from budget cuts will be used to reduce the national debt.
Aims to increase transparency and accountability in military spending.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_1707
Sponsor: Sen. Sanders, Bernard [I-VT]
Process start date: 2021-05-19
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Audit the Pentagon Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1707.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-05-19.

What are the main provisions?

Key points include:

  • Mandates financial audits for all components of the Department of Defense.
  • Failure to pass an audit results in an automatic 1% budget cut for the affected unit.
  • Funds from budget cuts will be used to reduce the national debt.
  • Aims to increase transparency and accountability in military spending.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Sanders, Bernard [I-VT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Public Investments Economy Security