Cost of War Act of 2022

Hozzl · 2022-12-29T22:03:49Z

Explore the details of House Bill 7147 Cost of War Act of 2022 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/29/2022, 10:03 PM

Summary of Bill HR 7147

Bill 117 hr 7147, also known as the Cost of War Act of 2022, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to require the Department of Defense to provide an annual report to Congress detailing the total cost of US military operations overseas.

The bill aims to increase transparency and accountability in government spending by ensuring that lawmakers and the public are informed about the financial implications of ongoing military engagements. By requiring the Department of Defense to report on the cost of war, Congress can better assess the budgetary impact of military operations and make more informed decisions about future funding.

Additionally, the Cost of War Act of 2022 seeks to promote a more thorough understanding of the long-term financial commitments associated with military interventions. By providing detailed information on the costs of war, policymakers can better evaluate the effectiveness and sustainability of US military engagements abroad. Overall, the Cost of War Act of 2022 is a bipartisan effort to enhance oversight of government spending on military operations and promote greater transparency in the decision-making process. It reflects a commitment to responsible budgeting and informed policymaking in the realm of national security.

Congressional Summary of HR 7147

Cost of War Act of 2022

This bill directs the Department of Defense (DOD) to post on its public website information relating to the cost to U.S. taxpayers of any overseas contingency operation conducted by the U.S. Armed Forces on or after September 18, 2001. DOD must update such information not later than 90 days after the end of each fiscal year.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 7147

Bill HR 7147 is currently in the status of Bill Introduced since March 17, 2022. Bill HR 7147 was introduced during Congress 117 and was introduced to the House on March 17, 2022. Bill HR 7147's most recent activity was Referred to the House Committee on Armed Services. as of March 17, 2022

Bipartisan Support of Bill HR 7147

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 7147

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 7147

Cost of War Act of 2022

To direct the Secretary of Defense to make publicly available on a website of the Department of Defense the cost to each United States taxpayer of certain contingency operations conducted by the United States Armed Forces, and for other purposes.