To provide for a limitation on availability of funds for Executive Office of the President, Unanticipated Needs for fiscal year 2024.
Impact
The enactment of HB 2074 would potentially alter the financial landscape of the Executive Office, compelling it to prioritize its expenditure more stringently due to the imposed cap. Advocates of the bill argue that this financial prudence is essential in a context where government budgets are under scrutiny, reflecting broader desires to rein in government spending. Critics might contend that such limitations could hamper the office's ability to respond effectively to unforeseen events or emergencies requiring immediate financial resources.
Summary
House Bill 2074 seeks to impose a limitation on the availability of funds allocated to the Executive Office of the President for unanticipated needs during the fiscal year 2024. Specifically, the bill caps such funding at $1,000,000, which represents a significant restriction compared to the previous budgets. This limitation aims to enhance fiscal responsibility and accountability within the Executive Office, ensuring that any funds released are strictly necessary and justified under the defined threshold.
Contention
Discussion surrounding HB 2074 may reveal a divide between those who advocate for stringent fiscal controls and those who believe that adequate funding is vital for effective governance. Proponents of the bill, primarily from conservative backgrounds, may consider it a step toward greater governmental efficiency and preventing wasteful spending. In contrast, opponents could argue that imposing such restrictions may weaken the federal government's capacity to address urgent needs, thereby endangering public welfare in times of crisis.
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To provide for a limitation on availability of funds for Executive Office of the President, Office of National Drug Control Policy, Other Federal Drug Control Programs for fiscal year 2024.
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To provide for a limitation on availability of funds for Executive Office of the President, Special Assistance to the President, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for Executive Office of the President, Office of Management and Budget, Salaries and Expenses for fiscal year 2024.