H.R. 829: Fighting Budget Waste Act

This bill, known as the Fighting Budget Waste Act, proposes a change to the way the President prepares the annual federal budget. Here’s a summary of its key points:

Purpose of the Bill

The main goal of the bill is to enhance the efficiency and effectiveness of the federal budget by ensuring the President considers specific recommendations from the Government Accountability Office (GAO) when assembling the budget each year.

Key Provisions

• GAO Report Utilization: The bill mandates that when the President and the Director of the Office of Management and Budget (OMB) prepare the annual budget for a fiscal year, they must take into account the most recent GAO report. This report focuses on identifying opportunities to reduce waste in government spending, specifically addressing issues like fragmentation, overlap, and duplication in federal programs.
• Mandatory Report Submission: Alongside the annual budget submission to Congress, the Director of the OMB is required to submit a report detailing how the President's budget reflects the findings and recommendations of the GAO report. This aims to provide transparency regarding how the budget aligns with efforts to reduce inefficiencies in government spending.

Impact of the Bill

By requiring the incorporation of GAO findings into the budget process, the bill seeks to promote better management of federal resources and potentially drive down costs by addressing inefficiencies identified in previous reports. This could lead to a more streamlined and effective government budget, ultimately aiming to reduce wasteful expenditures.

Relevant Companies

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