HR 5591
Spending Safeguard Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Spending Safeguard Act aims to limit the growth of direct government spending. It requires the Office of Management and Budget to establish spending limits for new direct spending programs that don't have a fixed funding level. These limits are calculated as 110% or 120% of the program's estimated cost, depending on the budget function. The bill also creates a public scorecard to track spending levels and requires regular reports to Congress on program spending and adherence to these safeguards, with potential obligation limitations if spending approaches the limit.
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