Bill 118 s 3926, also known as the Stop Secret Spending Act of 2024, is a piece of legislation introduced in the US Congress with the aim of increasing transparency and accountability in government spending. The bill seeks to address the issue of undisclosed or "secret" spending by requiring federal agencies to publicly disclose any expenditures that are not currently subject to public scrutiny.
Under the Stop Secret Spending Act, federal agencies would be required to report any expenditures that are not currently disclosed in their annual budget requests to Congress. This would include any funds spent on classified programs, covert operations, or other activities that are not publicly accounted for.
The bill also includes provisions for increased oversight and accountability, including the establishment of a new oversight committee to monitor and review government spending. This committee would be responsible for ensuring that all federal agencies are in compliance with the new disclosure requirements and would have the authority to investigate any instances of non-compliance.
Overall, the Stop Secret Spending Act of 2024 aims to promote transparency and accountability in government spending by requiring federal agencies to disclose any expenditures that are currently kept secret from the public. By increasing oversight and accountability, the bill seeks to ensure that taxpayer dollars are being spent responsibly and in the best interest of the American people.