Increased Government Spending Transparency: New Budget Rules
This act aims to increase transparency in how the government spends taxpayer money. It mandates detailed cost estimates for all budget projects, allowing citizens to better understand where their money goes and how public finances are managed. This will make it easier for everyone to assess the efficiency of expenditures and their impact on daily life.
Key points
All government spending bills will be required to include detailed cost estimates, including total amounts, comparisons to budget plans, and projected outlays.
New rules demand disclosure of budget rescissions, offsetting receipts, and changes in mandatory programs, enhancing oversight of public finances.
Citizens will gain easier access to information on how the government plans and spends money, potentially leading to greater accountability and better management of public funds.
Expired
Additional Information
Print number: 118_HR_7584
Sponsor: Rep. Grothman, Glenn [R-WI-6]
Process start date: 2024-03-07