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Public Service Spending Integrity Act
12/15/2023, 3:56 PM
Summary of Bill HR 2524
Additionally, the bill establishes a new oversight body, the Public Service Spending Integrity Commission, which will be responsible for monitoring and auditing agency spending to ensure compliance with the law. The commission will have the authority to investigate any instances of waste, fraud, or abuse of public funds and recommend corrective actions to the relevant agencies.
Furthermore, the bill includes provisions to protect whistleblowers who report misconduct related to public spending. Whistleblowers will be granted legal protections and incentives to come forward with information about misuse of public funds. Overall, the Public Service Spending Integrity Act seeks to promote transparency, accountability, and integrity in the use of taxpayer dollars by government agencies. It aims to prevent waste and fraud, and ensure that public funds are used efficiently and effectively for the benefit of the American people.
Congressional Summary of HR 2524
Public Service Spending Integrity Act
This bill restricts federal spending at businesses of the President, specified other officials, or their family members.
Specifically, the bill prohibits federal funds from being obligated or expended for purposes of procuring goods or services at any business owned or controlled by a covered individual or family member of such individual, except for certain authorized security purposes. A covered individual is defined to include the President, the Vice President, the head of any executive department, and any individual occupying a position designated by the President as a cabinet-level position. No federal agency may enter into a contract with a business owned or controlled by a covered individual or family member.
A business shall be deemed to be owned or controlled by a covered individual or family member if any such person (1) is a member of the board of directors or similar governing body of the business, (2) directly or indirectly owns or controls more than 50% of the voting shares of the business, or (3) is the beneficiary of a trust which owns or controls more than 50% of the business and can direct distributions under the terms of the trust.
