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Standard Summary
Comprehensive overview in 1-2 paragraphs
S. 1160, the LEDGER Act, requires the Treasury to establish a system that tracks all federal outlays within 180 days of enactment, ensuring each appropriation, receipt, or fund account is traceable by agency and branch, and amends 31 U.S.C. §3517 to mandate this reporting.
Key Points
- 1Establishes a federal expenditure tracking system within 180 days of enactment.
- 2Tracks outlays by appropriation, receipt, or fund account for each agency and branch.
- 3Amends 31 U.S.C. §3517 to require reporting of availability periods.
- 4Includes all disbursements subject to §3325.
- 5Creates a new section 3517 in the U.S. Code.
Impact Areas
Federal agencies and departmentsTreasury DepartmentCongressional oversight committeesTaxpayers and public accountability
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