End-of-Year Fiscal Responsibility Act

Progress

Timeline

• Mar 18Committee on Small Business and Entrepreneurship. Hearings held.

Summary

**What it does:** This bill would establish new fiscal rules for government spending and budgeting near the end of each fiscal year (which ends September 30). **Who it affects:** Federal agencies, Congress, and indirectly all taxpayers who fund government operations. **What would change:** The bill would likely restrict last-minute government spending or require additional oversight when agencies rush to spend remaining budget funds before the fiscal year ends. This practice, sometimes called "use it or lose it" spending, occurs when agencies spend their entire annual budget to avoid losing unspent money. **Current status:** The bill is still being reviewed in a Senate committee and has not been voted on by the full Senate or House of Representatives. **Note:** Since this bill is still in committee, specific details about its exact provisions may not yet be publicly available. The final version could differ from any initial proposals.

How This Affects You