Introduced in Senate
End-of-Year Fiscal Responsibility Act
SEC. 1. SHORT TITLETrack this section →
This Act may be cited as the End-of-Year Fiscal Responsibility Act.
SEC. 2. DEFINITIONSTrack this section →
In this Act: (1) Covered period The term covered period means the 2-month period immediately preceding the end of a fiscal year. (2) Discretionary appropriations The term discretionary appropriations has the meaning given the term in section 250(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 900(c)). (3) Executive agency The term Executive agency has the meaning given the term in section 105 of title 5, United States Code.
SEC. 3. REQUIREMENTS FOR EXECUTIVE AGENCY SPENDING AT THE END OF A FISCAL YEARTrack this section →
(a) In general Except as provided in subsection (c), the amount of discretionary appropriations obligated by an Executive agency during each month of a covered period may not exceed the average monthly amount of discretionary appropriations obligated by the Executive agency during the 10-month period immediately preceding the covered period. (b) Report Not later than 60 days after the end of each fiscal year, each Executive agency shall submit to Congress and post on a publicly available website an itemized list of discretionary appropriations obligated by the Executive agency during the covered period immediately preceding the date on which the report is submitted. (c) Exception This section shall not apply with respect to any discretionary appropriations obligated by an Executive agency for national security-related activities or disaster relief efforts.