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A bill to increase Government accountability for administrative actions by reinvigorating administrative Pay-As-You-Go.
5/22/2024, 10:56 AM
Summary of Bill S 4376
Bill 118 s 4376, also known as the "Government Accountability and Administrative Pay-As-You-Go Act," aims to enhance transparency and accountability in government administrative actions by revitalizing the Pay-As-You-Go (PAYGO) system. The PAYGO system requires that any new spending or tax cuts be offset by corresponding revenue increases or spending cuts to prevent the accumulation of debt.
This bill seeks to strengthen the PAYGO system by requiring federal agencies to conduct a thorough analysis of the budgetary impact of any proposed administrative action before implementation. This analysis must include an assessment of the potential costs and benefits, as well as an evaluation of any potential revenue offsets or spending cuts that could be implemented to ensure fiscal responsibility.
Additionally, the bill mandates that agencies report their findings to Congress and the public, providing greater transparency and accountability in the decision-making process. By reinvigorating the PAYGO system, this legislation aims to promote responsible fiscal management and prevent unnecessary increases in government spending. Overall, Bill 118 s 4376 represents a bipartisan effort to increase government accountability and ensure that administrative actions are conducted in a fiscally responsible manner. It underscores the importance of transparency and fiscal discipline in government operations, ultimately benefiting taxpayers and promoting good governance.
This bill seeks to strengthen the PAYGO system by requiring federal agencies to conduct a thorough analysis of the budgetary impact of any proposed administrative action before implementation. This analysis must include an assessment of the potential costs and benefits, as well as an evaluation of any potential revenue offsets or spending cuts that could be implemented to ensure fiscal responsibility.
Additionally, the bill mandates that agencies report their findings to Congress and the public, providing greater transparency and accountability in the decision-making process. By reinvigorating the PAYGO system, this legislation aims to promote responsible fiscal management and prevent unnecessary increases in government spending. Overall, Bill 118 s 4376 represents a bipartisan effort to increase government accountability and ensure that administrative actions are conducted in a fiscally responsible manner. It underscores the importance of transparency and fiscal discipline in government operations, ultimately benefiting taxpayers and promoting good governance.
Current Status of Bill S 4376
Bill S 4376 is currently in the status of Bill Introduced since May 21, 2024. Bill S 4376 was introduced during Congress 118 and was introduced to the Senate on May 21, 2024. Bill S 4376's most recent activity was Read twice and referred to the Committee on Homeland Security and Governmental Affairs. as of May 21, 2024
Bipartisan Support of Bill S 4376
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 4376
Primary Policy Focus
Alternate Title(s) of Bill S 4376
A bill to increase Government accountability for administrative actions by reinvigorating administrative Pay-As-You-Go.
A bill to increase Government accountability for administrative actions by reinvigorating administrative Pay-As-You-Go.
Comments
Sponsors and Cosponsors of S 4376
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