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Limiting Funds for Treasury Department Systems and Investments

This bill proposes a significant reduction in funds for the U.S. Department of the Treasury's Department-Wide Systems and Capital Investments Programs for fiscal year 2024. This means the Treasury Department will have much less money for developing and maintaining its IT systems and for major investments. This could impact the speed and efficiency of services provided by the Treasury, indirectly affecting citizens in areas like tax processing or benefit payments.
Key points
Funds for the U.S. Treasury Department's system and investment programs will be capped at $4 million for 2024.
Reduced funding may slow down modernization of Treasury's IT systems and infrastructure, affecting public service quality.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_2051
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2023-03-29
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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

To provide for a limitation on availability of funds for Department of Treasury, Department-Wide Systems and Capital Investments Programs for fiscal year 2024.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2051.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-03-29.

What are the main provisions?

Key points include:

  • Funds for the U.S. Treasury Department's system and investment programs will be capped at $4 million for 2024.
  • Reduced funding may slow down modernization of Treasury's IT systems and infrastructure, affecting public service quality.
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 Rep. Biggs, Andy [R-AZ-5].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Public Investments Economy Informatization