Transparency in Federal Spending Resolution

Transparency in Federal Spending Resolution

This resolution permits Members to object to the consideration of legislation that authorizes or appropriates funding for programs unless the legislation includes a table (in a machine-readable format) that details the funding. The table must account for (1) the total amount, and the amount per fiscal year, of the funding; and (2) estimates of the affect (if any) of the funding on the cost of servicing the public debt.

An objection raised on these grounds may not be waived.

Bill 118 H.Res. 96, also known as the Transparency in Federal Spending Resolution, is a piece of legislation introduced in the US Congress. The main goal of this bill is to increase transparency and accountability in how the federal government spends taxpayer dollars.

The resolution calls for the creation of a centralized database that would track and display all federal spending in a user-friendly format. This database would include information on contracts, grants, loans, and other forms of federal spending. The goal is to make it easier for the public to understand how their tax dollars are being used and to hold government agencies accountable for their spending decisions.

Additionally, the resolution calls for regular reporting requirements for federal agencies to ensure that the database is kept up to date and accurate. This would help prevent waste, fraud, and abuse in federal spending. Overall, the Transparency in Federal Spending Resolution aims to promote transparency, accountability, and efficiency in how the federal government spends taxpayer dollars. It is an important step towards ensuring that government spending is done in a responsible and transparent manner.