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Reclaiming Oversight of Executive Branch Spending Act
To require congressional approval for certain obligations exceeding $100,000,000.
Summary
This bill requires federal departments and agencies to obtain congressional approval before entering into any contract with, award a grant to, or guaranteeing a loan for a private entity that exceeds $100 million in a fiscal year. Federal agencies must submit a request for approval to Congress, which must then enact a joint resolution to approve the contract, grant, or loan guarantee. The joint resolution must be considered in both the House and Senate within 30 days of submission under expedited procedures. The requirement becomes effective 180 days after the bill's enactment. The bill applies to all federal departments and agencies and is designed to increase congressional oversight of major federal spending decisions.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Barrow, John [D-GA-12] (D-GA)
Actions (3)
- Nov 2, 2011 Referred to the Subcommittee on Technology, Information Policy, Intergovernmental Relations and Procurement Reform . · house
- Oct 6, 2011 Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. · house
- Oct 6, 2011 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
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Full text
IN THE HOUSE OF REPRESENTATIVES
October 6, 2011
Mr. Barrow introduced the following bill; which was referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned
A BILL
To require congressional approval for certain obligations exceeding $100,000,000.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Reclaiming Oversight of Executive Branch Spending Act”.
SEC. 2. CONGRESSIONAL APPROVAL FOR CERTAIN OBLIGATIONS EXCEEDING $100,000,000.
(a) Approval Requirement.—No Federal department or agency may enter into a contract with, award a grant to, or guarantee a loan for, a private entity in excess of $100,000,000 for a fiscal year, unless the department or agency submits to the Congress a request for approval of such contract, grant, or guarantee, and such approval is subsequently granted by enactment of a joint resolution.
(b) Expedited Consideration.—A joint resolution of approval under subsection (a) shall be considered in the House of Representatives and the Senate not later then 30 days after the date of submission of a request under such subsection, under expedited procedures.
(c) Effective Date.—This section shall take effect on the date that is 180 days after the date of the enactment of this Act. <all>
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