If enacted, HB5591 would significantly reshape how federal programs are budgeted. By requiring that spending levels be capped relative to actual costs, supporters believe the bill will ensure that programs stay within financial limits, potentially helping to reduce the national debt. The bill introduces a level of accountability and transparency that advocates argue is necessary to manage taxpayer dollars effectively. The monthly and biannual reporting requirements will also provide Congress with ongoing updates about spending levels relative to the established limits.
Summary
House Bill 5591, known as the Spending Safeguard Act, aims to introduce stringent limitations on direct spending programs not specifically authorized by statute. The bill mandates that the Director of the Office of Management and Budget (OMB) establish a spending safeguard limitation on any newly enacted or reauthorized programs within 90 days, with specified percentages based on the program’s budget function. For defense, health, income security, and veterans programs, the limit is set at 120% of estimated costs, while for other functions, it is 110%. This framework is designed to impose stricter fiscal discipline on federal spending policies.
Contention
Despite its intentions to promote budgetary responsibility, there are concerns and criticisms surrounding HB5591. Opponents argue that imposing stringent limitations could hinder the ability of federal programs to respond flexibly to economic changes and emergencies. Additionally, critics point out that the parameters outlined might restrict funding for essential services and benefits to vulnerable populations if spending caps are reached. The debate centers on whether the fiscal discipline introduced by the bill justifies the potential adverse impacts on federal program funding.
Provides standards for developing, implementing, and maintaining reasonable administrative, technical, and physical safeguards to protect the security, confidentiality, and integrity of customer information.
Provides standards for developing, implementing, and maintaining reasonable administrative, technical, and physical safeguards to protect the security, confidentiality, and integrity of customer information.
Research Security and Accountability in DHS ActThis bill requires the Science and Technology Directorate in the Department of Homeland Security (DHS) to develop a department-wide policy for safeguarding research and development from unauthorized access or disclosures of sensitive information in related acquisitions.Additionally, the Government Accountability Office must report on the compliance of DHS with a 2021 presidential memorandum and related guidance that required certain disclosures about government-funded research and development (e.g., conflicts of interest involving foreign governments).