Bill Summary
This legislation, if passed, would impose a limit on the amount of funds that can be allocated for Department of Treasury, Department-Wide Systems and Capital Investments Programs for the fiscal year 2024. The limit would be set at $4,000,000 and would override any other laws or provisions that may allow for a higher funding amount. This limitation is likely being put in place to control government spending and ensure that funds are being used efficiently within this specific department and program.
Possible Impacts
1. This legislation could affect individuals who work for the Department of Treasury, as it limits the amount of funding available for their programs, potentially leading to budget cuts, layoffs, or reduced resources for their work.
2. It could also affect taxpayers, as the limitation on funding could impact the quality and efficiency of services provided by the Department of Treasury, such as tax collection and financial regulation.
3. The limitation could also have broader economic implications, as the Department of Treasury plays a critical role in managing the country's financial system and any reduction in funding could impact the overall stability and functioning of the economy.
[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2051 Introduced in House (IH)]
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118th CONGRESS
1st Session
H. R. 2051
To provide for a limitation on availability of funds for Department of
Treasury, Department-Wide Systems and Capital Investments Programs for
fiscal year 2024.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
March 29, 2023
Mr. Biggs (for himself, Mr. Rosendale, Mr. Gaetz, Mr. Good of Virginia,
Mr. Roy, and Mr. Crane) introduced the following bill; which was
referred to the Committee on Financial Services, and in addition to the
Committee on Ways and Means, 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 provide for a limitation on availability of funds for Department of
Treasury, Department-Wide Systems and Capital Investments Programs for
fiscal year 2024.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. LIMITATION ON AVAILABILITY OF FUNDS FOR DEPARTMENT OF
TREASURY, DEPARTMENT-WIDE SYSTEMS AND CAPITAL INVESTMENTS
PROGRAMS FOR FISCAL YEAR 2024.
Notwithstanding any other provision of the law, amounts authorized
to be appropriated or otherwise available for Department of Treasury,
Department-Wide Systems and Capital Investments Programs for fiscal
year 2024 may not exceed $4,000,000.
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