HR 1518

The Unauthorized Spending Accountability Act of 2023 aims to reduce wasteful government spending by establishing a schedule for reauthorizing federal programs. It requires a 10% reduction in funding for programs that have expired authorizations, increasing to 15% after two years. The bill also creates a Spending and Accountability Commission to review mandatory spending programs and recommend budget reductions, with a goal of limiting reauthorizations to three years. Furthermore, it establishes a reauthorization cycle for discretionary spending programs and provides a mechanism to offset budgetary level reductions through direct spending cuts.