Presidential Budget Accountability Act

Hozzl · 2024-03-12T02:51:49Z

Explore the details of Senate Bill 303 Presidential Budget Accountability Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Government Operations and Politics. Stay informed on legislative developments.

3/12/2024, 2:51 AM

Summary of Bill S 303

Bill 118 s 303, also known as the Presidential Budget Accountability Act, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to increase transparency and accountability in the federal budget process, specifically in relation to the President's budget proposals.

The bill outlines several key provisions, including requiring the President to submit a detailed budget proposal to Congress by a certain deadline each year. This proposal must include information on revenue estimates, spending priorities, and economic assumptions. Additionally, the bill mandates that the President's budget must be accompanied by a report explaining the rationale behind the proposed budgetary decisions.

Furthermore, the Presidential Budget Accountability Act requires the Congressional Budget Office (CBO) to conduct an analysis of the President's budget proposal within a specified timeframe. This analysis will assess the potential economic impact of the proposed budget and provide Congress with valuable information to inform their decision-making process. Overall, the goal of Bill 118 s 303 is to promote greater transparency and accountability in the federal budget process, ensuring that the President's budget proposals are thoroughly evaluated and scrutinized by Congress. This legislation aims to strengthen the oversight of federal spending and promote responsible fiscal management.

Congressional Summary of S 303

Presidential Budget Accountability Act

This bill restricts the use of federal funds for presidential travel if the President's budget is not submitted to Congress by the first Monday in February as required by law.

Specifically, if the President's budget is not submitted to Congress on or before the first Monday in February of a year, federal funds may not be used for the cost of travel by the President during the period beginning on the first Tuesday of February of that year and ending on the date the budget is submitted.

For the purposes of this bill, federal funds includes funds provided for

the expense allowance of the President,
travel expenses of the President,
entertainment expenses of the President, and
subsistence expenses in connection with the travel of the President.

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Current Status of Bill S 303

Bill S 303 is currently in the status of Bill Introduced since February 7, 2023. Bill S 303 was introduced during Congress 118 and was introduced to the Senate on February 7, 2023. Bill S 303's most recent activity was Read twice and referred to the Committee on Homeland Security and Governmental Affairs. as of February 7, 2023

Bipartisan Support of Bill S 303

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 S 303

Primary Policy Focus

Government Operations and Politics

Alternate Title(s) of Bill S 303

Presidential Budget Accountability Act

A bill to amend title 31, United States Code, to limit the use of Federal funds for travel by the President if the President's annual budget submission to Congress is late, and for other purposes.