Bill > S1160

This bill, known as the LEDGER Act (Locating Every Disbursement in Government Expenditure Records Act), requires the Secretary of the Treasury to develop and implement a comprehensive system for tracking government expenditures within 180 days of the bill's enactment. Specifically, the system must track all financial outlays from each appropriation, receipt, and fund account across all branches of the United States government (executive, legislative, and judicial). The tracking system must include details about the period of availability for funds in each account and will apply to disbursements already subject to existing financial reporting requirements. By mandating this enhanced financial tracking mechanism, the bill aims to improve transparency and accountability in government spending, allowing for more precise monitoring of how and when federal funds are being used. The new tracking system will be added to Title 31 of the United States Code, which governs federal financial management.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/senate-bill/1160/all-info