President Signs GONE Act Into Law

Press Release

Last night, President Obama signed into law S. 1115 The Grants Oversight and New Efficiency (GONE) Act. U.S. Senators Deb Fischer (R-Neb.) and Joe Manchin (D-W.Va.) reintroduced this bipartisan legislation in April of 2015 and it passed the Senate in December of last year.

The new law will save taxpayer dollars by providing additional oversight over the financial accountability of federal grant programs. It will also require agencies to close out expired grant accounts with zero dollar balances and the remaining undisbursed funding. These expired accounts cost taxpayers millions of dollars each year. Senator Ron Johnson (R-Wis.), chairman of the Senate Homeland Security and Governmental Affairs Committee, is also a cosponsor of the bill.

Senator Fischer released the following statement:

"I'm pleased to see the GONE Act signed into law. Through teamwork and bipartisan common sense, I was proud to join Senator Manchin and Senator Johnson to target government waste and find some relief for taxpayers. This is a small but important first step in our effort to ensure taxpayer dollars are spent wisely and efficiently in the federal grant process."

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