summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
112th Congress
Bill Summary
Restoring America's Faith and Trust Act - Makes rescissions in the discretionary budget authority for FY2012-FY2014. Limits increases in total new budget authority after FY2013 to the percentage by which the U.S. gross domestic product increases from the previous year. Directs the Office of Management and Budget (OMB) to take appropriate measures to ensure that the total number of federal employees does not exceed the total number of such employees as of October 1, 2007. Requires such reduction to be achieved through voluntary separation of employees. Allows the President to waive requirements for the reduction of the federal workforce upon a determination that the existence of a state of war or other national security concern or the existence of an extraordinary emergency threatening life, health, public safety, property, or the environment so requires. Requires the Administrator of the General Services Administration (GSA) to conduct a Federal Real Property Disposal Program for the disposal of surplus real property. Requires the Secretary of the Interior to offer for sale at fair market value certain lands under the jurisdiction of the Secretary that are located in states where more than 50% of the total land area is federally-owned. Requires the net proceeds from the sale of such lands to be used for the reduction of the public debt. Requires the Director of OMB to submit a plan to Congress for the phased-in expiration of all federal programs every three years. Requires any federal program scheduled to expire to be reauthorized by an act of Congress.
AI Summary
This bill, the Restoring America's Faith and Trust Act, aims to reduce federal spending and the size of the federal government. It rescinds a portion of discretionary budget authority for fiscal years 2012 through 2014, specifically amounts exceeding 2006 levels, and limits future spending increases to the rate of U.S. Gross Domestic Product (GDP) growth. The bill also mandates a reduction in the federal workforce to the number of employees as of October 1, 2007, to be achieved through voluntary separations, with exceptions for national security or extraordinary emergencies. Additionally, it requires the General Services Administration (GSA) to establish a program to sell surplus federal real property, with proceeds going towards reducing the public debt, and directs the Secretary of the Interior to sell certain federal lands in states where the federal government owns over 50% of the land, with net proceeds also used for debt reduction. Finally, the bill requires the Office of Management and Budget (OMB) to develop a plan for the phased expiration of all federal programs every three years, necessitating congressional reauthorization for any program to continue.
Committee Categories
Agriculture and Natural Resources, Government Affairs
Sponsors (1)
Last Action
Referred to the Subcommittee on National Parks, Forests and Public Lands. (on 11/29/2011)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/112th-congress/house-bill/3494/all-info |
| BillText | http://gpo.gov/fdsys/pkg/BILLS-112hr3494ih/pdf/BILLS-112hr3494ih.pdf |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-112hr3494ih/pdf/BILLS-112hr3494ih.pdf.pdf |
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