Senate Bill 3267
116th Congress(2019-2020)
MAKE CENTS Act
Introduced
Introduced in Senate on Feb 11, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3267
Congress
116
Policy Area
Economics and Public Finance
Economics and Public Finance
Primary focus of measure is budgetary matters such as appropriations, public debt, the budget process, government lending, government accounts and trust funds; monetary policy and inflation; economic development, performance, and economic theory.
No Senate votes have been held for this bill.
Summary
Making Americans Know about Excessive spending through Commonsense Efforts to Notice and Target Shenanigans Act or the MAKE CENTS Act
This bill modifies the federal budget process to add reporting requirements, limit spending at the end of a fiscal year, and impose penalties on Congress for failing to approve a budget resolution or the annual appropriations bills on a timely basis.
Among other changes, the bill
- requires federal agencies to report annually to Congress regarding federally funded projects that are more than five years behind schedule or have expenditures that are at least $1 billion more than the original cost estimate for the project;
- requires recipients of federal funding to disclose specified details regarding the cost to the federal government and nongovernmental sources;
- prohibits an executive agency from spending more in the last 2 months of a fiscal year than the agency's average monthly spending for the previous 10 months;
- prohibits Members of Congress from being paid in a fiscal year until both chambers approve the budget resolution and pass all of the regular appropriations bills for that fiscal year; and
- limits congressional recesses, adjournments, and travel if Congress has not completed work on a budget resolution and the annual appropriations bills by certain deadlines.
February 11, 2020
Sort by most recent
02/11/2020
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
02/11/2020
Introduced in Senate
Public Record
Record Updated
Sep 5, 2022 1:37:13 PM