Bill > HR1518

This bill, the Unauthorized Spending Accountability Act of 2023, aims to provide a reauthorizing schedule for unauthorized federal programs. The key provisions are: 1. It establishes a recurring three-year budgetary level reduction cycle for any unauthorized program, starting in fiscal year 2024. This means the budget for such programs will be reduced by 10% in the first year and 15% in the second and third years if they remain unauthorized. 2. Any unauthorized program that remains unauthorized after the third year will be automatically terminated, with any unobligated funds remaining available for recording, adjusting, and liquidating valid obligations. 3. The bill creates the Spending and Accountability Commission to review federal programs funded by direct spending and propose legislation to offset any budgetary level reductions for unauthorized programs through reductions in direct spending. 4. The bill also requires the Commission to submit a legislative proposal to establish a reauthorization schedule for federal programs funded by discretionary spending, with a sunset provision for any reauthorized program after three years. Overall, the bill seeks to improve accountability and oversight of unauthorized federal programs by establishing automatic budgetary reductions and termination procedures, while also providing a mechanism to offset these reductions through reductions in direct spending.