BARCODE Efficiency Act

Hozzl · 2024-03-11T17:35:45Z

Explore the details of Senate Bill 3660 BARCODE Efficiency Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

3/11/2024, 5:35 PM

Summary of Bill S 3660

The BARCODE Efficiency Act, also known as Bill 118 s 3660, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to improve the efficiency and accuracy of the federal government's procurement process by requiring the use of barcode technology.

If passed, the BARCODE Efficiency Act would mandate that all federal agencies use barcode technology to track and manage their inventory and assets. This technology would allow for more accurate and timely tracking of items, reducing the risk of loss or theft. Additionally, the use of barcodes would streamline the procurement process, making it easier for agencies to order and receive necessary supplies.

Proponents of the BARCODE Efficiency Act argue that implementing barcode technology would save the government money in the long run by reducing waste and improving inventory management. They also believe that the use of barcodes would increase transparency and accountability in government spending. Opponents of the bill have raised concerns about the cost of implementing barcode technology across all federal agencies. They also worry about the potential for data breaches or other security issues related to the use of barcodes. Overall, the BARCODE Efficiency Act aims to modernize and improve the federal government's procurement process through the use of barcode technology. It is currently being debated in Congress, and its fate remains uncertain.

Congressional Summary of S 3660

Barcode Automation for Revenue Collection to Organize Disbursement and Enhance Efficiency Act or the BARCODE Efficiency Act

This bill requires federal tax returns that are prepared electronically, but printed and filed on paper, to bear a code that when scanned converts the data in such return to an electronic format. It also requires the Internal Revenue Service (IRS) to use optical character recognition technology to transcribe returns and correspondence that are not prepared electronically and are printed on paper.

The IRS may decline to use such technology if it determines that it is slower or less reliable than manual transcription.

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Current Status of Bill S 3660

Bill S 3660 is currently in the status of Bill Introduced since January 25, 2024. Bill S 3660 was introduced during Congress 118 and was introduced to the Senate on January 25, 2024. Bill S 3660's most recent activity was Read twice and referred to the Committee on Finance. as of January 25, 2024

Bipartisan Support of Bill S 3660

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3660

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 3660

BARCODE Efficiency ActBARCODE Efficiency ActBarcode Automation for Revenue Collection to Organize Disbursement and Enhance Efficiency ActA bill to require electronically prepared tax returns to include scannable code when submitted on paper, and to require the use of optical character recognition technology for paper documents received by the Internal Revenue Service.A bill to require electronically prepared tax returns to include scannable code when submitted on paper, and to require the use of optical character recognition technology for paper documents received by the Internal Revenue Service.

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