Plain Language Summary
# LEDGER Act Summary **What the Bill Would Do:** The LEDGER Act (Locating Every Disbursement in Government Expenditure Records Act) would require the U.S. Treasury Department to create a comprehensive tracking system for all federal spending. This system would monitor where money goes when it leaves the Treasury—identifying which department, agency, or office spent it and keeping records of when those funds are available to be spent. **Who It Affects:** The bill would affect all federal agencies across the executive, legislative, and judicial branches that receive and spend federal funds.
Ultimately, it could help Congress and the public better understand how taxpayer money is being used throughout the government. **Current Status:** The bill is currently in committee in the House of Representatives and has not yet been voted on. As a transparency and government tracking measure, it has not faced significant opposition, though it remains early in the legislative process.
CRS Official Summary
Locating Every Disbursement in Government Expenditure Records Act or the LEDGER ActThis bill requires the Department of the Treasury to implement a system that tracks all outlays from each appropriation, receipt, or other fund account in the Treasury by each department, agency, office, or other establishment in the executive, legislative, or judicial branches of the federal government. The system must also track the period of availability of the amounts in the applicable appropriation, receipt, or other fund account.
Latest Action
Referred to the House Committee on Oversight and Government Reform.