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Increased Government Money Control: Ending Exceptions in Receipts

This bill aims to increase transparency in how the federal government manages its money. It means most government receipts will need to be deposited into a special Treasury account, making it harder to spend money without Congressional approval. Exceptions will only apply to programs where the government acts as a custodian for state or local government funds.
Key points
Most money received by the federal government must be deposited into a Treasury account, increasing Congressional oversight of spending.
The bill limits the creation of special funds outside of budget control, potentially affecting how some programs are financed.
These changes will take effect in fiscal year 2024, meaning citizens can expect greater transparency in public spending.
article Official text account_balance Process page
Expired
Citizen Poll
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Additional Information
Print number: 118_HR_5544
Sponsor: Rep. Mace, Nancy [R-SC-1]
Process start date: 2023-09-18
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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

Upholding the Power of the Purse Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5544.

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 2023-09-18.

What are the main provisions?

Key points include:

  • Most money received by the federal government must be deposited into a Treasury account, increasing Congressional oversight of spending.
  • The bill limits the creation of special funds outside of budget control, potentially affecting how some programs are financed.
  • These changes will take effect in fiscal year 2024, meaning citizens can expect greater transparency in public 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 Rep. Mace, Nancy [R-SC-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Public Investments