Budget Process Reform: The Biennial Budgeting and Enhanced Oversight Act
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Budget News Alert:
Congressman Reid Ribble introduced H.R. 3577, The Biennial Budgeting and Enhanced Oversight Act, as part of a comprehensive set of nine reforms that strengthen spending controls, enhance oversight of government spending and bring honest accounting to Washington’s broken budget process. These reforms build on the House-passed Path to Prosperity budget and is the latest example of Congressman Ribble working to reduce spending and bring accountability and normalcy back to the federal government’s budget process.
The Biennial Budgeting and Enhanced Oversight Act
Establishes a two-year "biennial" budgeting cycle for the U.S. government
Year 1 of biennium (odd-numbered years): Congress would draft and adopt a budget plan covering the next two years. This plan would provide the framework for the consideration of legislation with fiscal implications over the course of the entire Congress.
Year 2 of biennium (even-numbered years): Congress would focus on conducting detailed oversight of government agencies and programs.
Biennial process would provide more budget stability and certainty by doing away with the current ad-hoc appropriation process. Instead, agencies would know a full year in advance the resources they will have, allowing them to implement cost saving measures.
*To read the full text of the legislation, click here.
More information on Budget Process Reform and Congressman Ribble's legislation can be found below