To provide for a limitation on availability of funds for Department of Treasury, Office of the Special Inspector General for the Troubled Asset Relief Program, Salaries and Expenses for fiscal year 2024.
Impact
The implications of HB2054 are significant as they reflect the government's approach towards managing funds allocated to oversight and regulatory agencies, particularly in the aftermath of the Troubled Asset Relief Program, which was established to address the financial crisis of 2008. By limiting the budget, the bill aims to restrict operational spending in this office, affecting how the office conducts its surveillance and oversight functions related to the TARP program.
Summary
House Bill 2054 aims to impose a financial limitation on the funds available for the Department of Treasury, specifically for the Office of the Special Inspector General for the Troubled Asset Relief Program. The bill explicitly states that the total amount authorized for salaries and expenses within this office for the fiscal year 2024 shall not exceed $16,000,000. This legislative action is part of broader budgetary measures being discussed in Congress regarding government expenditure and oversight offices.
Conclusion
Overall, HB2054 signifies a crucial step in budgetary reform efforts within the Treasury Department, showcasing the ongoing discussions regarding the role and funding of federal oversight bodies. As Congress deliberates on this bill, it will be essential to evaluate not only the short-term financial implications but also the long-term effects on governmental accountability and integrity.
Contention
Notable points of contention surrounding HB2054 involve the balance between necessary oversight functions and budgetary constraints. Critics may argue that reducing funds for the Special Inspector General could hinder its ability to effectively monitor and assess the implications of the TARP program. Proponents, however, may advocate for limiting expenditures as a means of ensuring more prudent fiscal management and reducing government waste.
To provide for a limitation on availability of funds for Department of Treasury, Office of Inspector General, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for Department of Treasury, Treasury Inspector General for Tax Administration, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for House of Representatives, Salaries and Expenses of the Office of Inspector General for fiscal year 2024.
To provide for a limitation on availability of funds for Department of Treasury, Alcohol and Tobacco Tax and Trade Bureau, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for Department of Treasury, Bureau of the Fical Service, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for Department of Education, Departmental Management, Office of Inspector General for fiscal year 2024.
To provide for a limitation on availability of funds for Department of Treasury, Office of Terrorism and Financial Intelligence, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for Department of Health and Human Services, Office of the Inspector General for fiscal year 2024.