Us Congress House Bill HJR110

Us Congress 2023-2024 Regular Session

• Introduced: 2/1/24
• Refer: 2/1/24

Caption

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Treasury relating to "Coronavirus State and Local Fiscal Recovery Funds".

Impact

Should HJR110 be enacted, it would effectively nullify the specified rule of the Treasury Department, removing the fiscal recovery funds’ current operational structure. This means that local governments might not be able to rely on these funds, which were intended to address financial issues stemming from the pandemic, thereby potentially impacting numerous state and local budgets that have depended on this aid. The action is expected to prompt broader discussions about the allocation and management of federal funds and their implications for state fiscal autonomy.

Summary

HJR110 is a joint resolution that aims to disapprove a rule put forth by the Department of the Treasury regarding the implementation of the 'Coronavirus State and Local Fiscal Recovery Funds'. This funding was established as part of the government response to the COVID-19 pandemic to aid state and local governments experiencing significant revenue losses. The resolution reflects legislative concerns regarding the effectiveness and administration of these funds, signaling a desire among those supporting the resolution to modify or revoke current Treasury guidelines.

Contention

The key point of contention surrounding HJR110 lies in the balance of power between the federal government and local entities. Supporters of the resolution argue that the existing Treasury rule fails to respect the fiscal needs and priorities of local governments, advocating for a more tailored approach to fund allocation. Conversely, opponents may view the resolution as an attempt to undermine essential federal assistance designed to support localities during economically challenging times, raising concerns about potential ramifications for community services and infrastructure.