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HR 3746 - Fiscal Responsibility Act of 2023 - National Key Vote

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See How Your Politicians Voted

Title: Fiscal Responsibility Act of 2023

Vote Smart's Synopsis:

Vote to pass a bill that increases the federal debt limit, establishes new discretionary spending limits, rescinds un-obligated funds, and expands work requirements for federal programs.

Highlights:

  • Repeals and suspends the federal debt limit through January 1, 2024, and increases the limit on January 2, 2025 to accommodate the obligations issued during the suspension period (Div. A-D, Title I, Sec. 101-401).

  • Establishes new discretionary spending limits through Fiscal Year 2024 and 2025 that are enforced with sequestration (i.e. automatice spending cuts), and changes the limits to 1% below the Fiscal Year 2023 base funding levels if a continuing resolution is in effect by Januray 1, 2024 or January 1, 2025 because all 12 regular appropriation bills were not enacted by the end of the prior year (Div. B, Title I, Sec. 1-81).

  • Rescinds certain un-obligated funds that were provided to address COVID-19 and to the Internal Revenue Service (Div. B, Title I, Sec. 1-81).

  • Appropraites funding for the Department of Veterans Affairs Cost of War Toxic Exposure Fund (Div. B, Title II-III, Sec. 251-270).

  • Appropriates funding for the Department of Commerce Nonrecurring Expenses Fund (Div. B, Title II-III, Sec. 251-270).

  • Establishes statutory authority through 2024 for the requirement for agencies that propose certain administrative actions that will increase direct spending to also propose at leasat one administrative action that will decrease direct spending by at least the same amount, which are commonly known as pay-as-you-go rules (Div. B, Title III, Sec. 261-270).

  • Repeals and terminates the suspension of federal student loan payments (Div. B, Title IV, Sec. 271).

  • Expands the work requirements for the Supplemental Nutrition Assitance Program (SNAP) and the Temporary Assitance for Needy Families (TANF) program (Div. C, Title I-II, Sec. 301-314).

  • Reduces various federal requirements and restrictions to expediate the permitting process for certain energy projects (Div. C, Title III, Sec. 321-324).

Full Bill Text

See How Your Politicians Voted

Title: Fiscal Responsibility Act of 2023

Vote Smart's Synopsis:

Vote to pass a bill that increases the federal debt limit, establishes new discretionary spending limits, rescinds un-obligated funds, and expands work requirements for federal programs.

Highlights:

  • Repeals and suspends the federal debt limit through January 1, 2024, and increases the limit on January 2, 2025 to accommodate the obligations issued during the suspension period (Div. A-D, Title I, Sec. 101-401).

  • Establishes new discretionary spending limits through Fiscal Year 2024 and 2025 that are enforced with sequestration (i.e. automatice spending cuts), and changes the limits to 1% below the Fiscal Year 2023 base funding levels if a continuing resolution is in effect by Januray 1, 2024 or January 1, 2025 because all 12 regular appropriation bills were not enacted by the end of the prior year (Div. B, Title I, Sec. 1-81).

  • Rescinds certain un-obligated funds that were provided to address COVID-19 and to the Internal Revenue Service (Div. B, Title I, Sec. 1-81).

  • Appropraites funding for the Department of Veterans Affairs Cost of War Toxic Exposure Fund (Div. B, Title II-III, Sec. 251-270).

  • Appropriates funding for the Department of Commerce Nonrecurring Expenses Fund (Div. B, Title II-III, Sec. 251-270).

  • Establishes statutory authority through 2024 for the requirement for agencies that propose certain administrative actions that will increase direct spending to also propose at leasat one administrative action that will decrease direct spending by at least the same amount, which are commonly known as pay-as-you-go rules (Div. B, Title III, Sec. 261-270).

  • Repeals and terminates the suspension of federal student loan payments (Div. B, Title IV, Sec. 271).

  • Expands the work requirements for the Supplemental Nutrition Assitance Program (SNAP) and the Temporary Assitance for Needy Families (TANF) program (Div. C, Title I-II, Sec. 301-314).

  • Reduces various federal requirements and restrictions to expediate the permitting process for certain energy projects (Div. C, Title III, Sec. 321-324).

Full Bill Text

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