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S. 1238: End-of-Year Fiscal Responsibility Act

The text of the bill below is as of Apr 30, 2019 (Introduced).


II

116th CONGRESS

1st Session

S. 1238

IN THE SENATE OF THE UNITED STATES

April 30, 2019

introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs

A BILL

To provide requirements for Executive agency spending at the end of a fiscal year, and for other purposes.

1.

Short title

This Act may be cited as the End-of-Year Fiscal Responsibility Act.

2.

Definitions

In this Act:

(1)

Covered period

The term covered period means the 2-month period immediately preceding the end of a fiscal year.

(2)

Discretionary appropriations

The term discretionary appropriations has the meaning given the term in section 250(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 900(c)).

(3)

Executive agency

The term Executive agency has the meaning given the term in section 105 of title 5, United States Code.

3.

Requirements for Executive agency spending at the end of a fiscal year

(a)

In general

Except as provided in subsection (c), the amount of discretionary appropriations obligated by an Executive agency during each month of a covered period may not exceed the average monthly amount of discretionary appropriations obligated by the Executive agency during the 10-month period immediately preceding the covered period.

(b)

Report

Not later than 60 days after the end of each fiscal year, each Executive agency shall submit to Congress and post on a publicly available website an itemized list of discretionary appropriations obligated by the Executive agency during the covered period immediately preceding the date on which the report is submitted.

(c)

Exception

This section shall not apply with respect to any discretionary appropriations obligated by an Executive agency for national security-related activities.