Budget Process Enhancement Act

Hozzl · 2023-12-15T15:53:12Z

Explore the details of House Bill 111 Budget Process Enhancement Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Economics and Public Finance. Stay informed on legislative developments.

12/15/2023, 3:53 PM

Summary of Bill HR 111

Bill 118 hr 111, also known as the Budget Process Enhancement Act, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to improve the budgeting process within the federal government.

One key aspect of the Budget Process Enhancement Act is the establishment of a biennial budgeting system. This means that instead of creating a new budget every year, Congress would create a budget for a two-year period. Proponents of this system argue that it would provide more stability and predictability in government spending.

Another important provision of the bill is the requirement for Congress to pass a budget resolution by April 15th of each year. This would help ensure that the budgeting process is completed in a timely manner and prevent the need for continuing resolutions or government shutdowns. Additionally, the Budget Process Enhancement Act includes measures to improve transparency and accountability in the budgeting process. This includes requiring agencies to provide more detailed justifications for their budget requests and increasing oversight of how taxpayer dollars are being spent. Overall, the Budget Process Enhancement Act aims to streamline the budgeting process, increase efficiency, and promote responsible fiscal management within the federal government. It is currently being debated in Congress and may undergo changes before being voted on.

Congressional Summary of HR 111

Budget Process Enhancement Act

This bill modifies the federal budget process to withhold the salaries of Members of Congress and cancel the salaries of certain employees of the Office of Management and Budget when certain budget process requirements are not met.

The bill also changes the assumptions that the Congressional Budget Office uses to calculate its baseline for discretionary spending to eliminate certain adjustments for inflation and other factors. (A baseline is a projection of federal spending and receipts during a fiscal year under current law.)

Read the Full Bill

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Current Status of Bill HR 111

Bill HR 111 is currently in the status of Bill Introduced since January 9, 2023. Bill HR 111 was introduced during Congress 118 and was introduced to the House on January 9, 2023. Bill HR 111's most recent activity was Referred to the Committee on the Budget, and in addition to the Committees on House Administration, and Oversight and Accountability, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of January 9, 2023

Bipartisan Support of Bill HR 111

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 111

Primary Policy Focus

Economics and Public Finance

Potential Impact Areas

Budget deficits and national debtBudget processCongressional oversightFederal officialsGovernment employee pay, benefits, personnel managementGovernment studies and investigationsMembers of CongressOffice of Management and Budget (OMB)

Alternate Title(s) of Bill HR 111

Budget Process Enhancement ActBudget Process Enhancement ActTo remove the discretionary inflater from the baseline and to provide that the salaries of Members of a House of Congress will be held in escrow if that House has not agreed to a concurrent resolution on the budget for fiscal year 2024.

Start holding our government accountable!

Comments

Sponsors and Cosponsors of HR 111

Andy Biggs

Arizona(Republican)

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