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 tracking system for all federal spending. Specifically, it would monitor how money flows out of the government's accounts, which department or agency receives it, and for how long that money can be used. The goal is to create a comprehensive record of all federal government expenditures across all branches—executive, legislative, and judicial. **Who It Affects and Why It Matters** This bill would primarily affect federal agencies and departments that receive and spend taxpayer money.
The tracking system would make government spending more transparent and easier to audit, potentially helping Congress and the public better understand where federal dollars go. It could help identify inefficiencies or misuse of funds. **Current Status** As of now, the bill (S 1160) is in committee and has not been voted on by the full Senate. It was introduced by Senator Rick Scott (R-FL) in the 119th Congress. The bill remains in the early stages of 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
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.