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Stop the Outlay of Payments Act
12/31/2022, 4:59 AM
Summary of Bill HR 4056
Specifically, the bill targets payments that are deemed unnecessary or wasteful. It aims to reduce government spending and ensure that taxpayer dollars are being used efficiently and effectively.
If passed, the Stop the Outlay of Payments Act would require federal agencies to review and justify all payments before they are made. This would help to identify and eliminate any payments that are not in the best interest of the American people. Overall, supporters of the bill argue that it is a necessary step towards fiscal responsibility and accountability in government spending. Critics, however, raise concerns about the potential impact on certain programs and services that rely on federal funding. As the bill continues to make its way through the legislative process, it will be important for lawmakers to carefully consider the implications and potential consequences of its passage.
Congressional Summary of HR 4056
Stop the Outlay of Payments Act
This bill prohibits the award of federal funds to entities that have had prior awards suspended or terminated due to certain legal violations and that have failed to take necessary remedial action.
Specifically, the bill requires federal agencies to notify the Office of Management and Budget (OMB) within 120 days of suspending or terminating any portion of a federal award to a recipient for failure to comply with (1) the terms and conditions of the award, (2) a federal law or regulation, or (3) a request by the agency making the award for information or materials relating to that award.
The OMB must maintain an up-to-date list of suspended entities on its website.
An agency may not make a federal award or disburse funds under an award to a suspended entity until that entity remedies the reason for the suspension or termination, with specified exceptions.
