H.R. 10446: Disaster Offset and Government Efficiency Act

This bill, titled the Disaster Offset and Government Efficiency Act, proposes several specific amendments related to government spending and appropriations. Below is a summary of the main components of the bill:

1. Adjustment of Discretionary Spending Limit

The bill seeks to amend the Balanced Budget and Emergency Deficit Control Act of 1985 by changing the discretionary spending limit for the fiscal year 2025 in a category designated for non-security matters. Specifically:

• The current limit's dollar amount is being replaced with a new limit of $597 billion.
• Adjustments will be made in how certain spending calculations are referenced in the legislative texts, particularly aligning with previous determinations about security funding.

2. Rescission of Department of Commerce Funds

The bill includes a provision for the rescission of funds related to the Department of Commerce:

• The bill permanently rescinds a total amount of unobligated funds that had been previously allocated to the Department of Commerce's Nonrecurring Expenses Fund under the Fiscal Responsibility Act of 2023.
• This rescission will not impact calculations of budgetary effects as required by the Balanced Budget and Emergency Deficit Control Act or the Congressional Budget Act, meaning these changes will not be included in certain budget evaluations.

3. Additional Provisions

The bill is referred to several committees, indicating that multiple areas of government may be involved in the discussions surrounding the bill, including:

• Budget
• Energy and Commerce
• Financial Services
• Transportation and Infrastructure
• Science, Space, and Technology
• Natural Resources
• Oversight and Accountability
• Foreign Affairs
• The Judiciary

In summary, the Disaster Offset and Government Efficiency Act seeks to modify federal discretionary spending limits and rescind certain funds allocated to the Department of Commerce, all while outlining its evaluation parameters in relation to existing budgetary control acts.

Relevant Companies

None found.