Act to Curb Unnecessary Government Spending and Modernize Coinage
This act aims to reduce unnecessary spending by federal agencies, potentially leading to taxpayer savings. It also changes how presidential campaigns are funded and allows for modifications to coin composition to lower production costs. Citizens may experience the impact through potential government budget savings and changes in coin appearance.
Key points
Limits on federal agency spending at the end of the fiscal year, with exceptions for national security activities.
Allows for changes to coin composition to reduce production costs, provided they remain compatible with existing systems.
Ends taxpayer funding for presidential election campaigns, with remaining funds directed to deficit reduction.
Prohibits federal funds for promotional 'swag' and agency mascots, with some exceptions like military recruitment.
Bans funding for transit and rail projects that significantly exceed original cost estimates and fail to generate sufficient revenue.
Status:
Expired
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