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IRS Funding Accountability Act

Source: Congress.gov  ·  3,946 words in original text
This bill requires the IRS and Treasury Department to create detailed spending plans before they can use certain funding they received. Congress can reject these plans, which would pause the use of that money. The bill also requires regular reports to Congress about how the money is being spent. ##
- The Internal Revenue Service (the federal agency that collects taxes) - The Treasury Department (the federal agency that manages government money) - Congress (which receives and reviews the spending plans) - Taxpayers (whose tax dollars fund the IRS) ##
- The IRS Commissioner must submit a spending plan within 60 days of this law passing, explaining how funds will be used over the next five years (Sec. 2(b)(1)(A)) - Congress can pass a joint resolution of disapproval (a formal vote of rejection) within 60 days of receiving a spending plan, which would require a new plan to be submitted (Sec. 2(c)) - The spending plan must detail costs, timelines, goals, and performance measures for IRS improvements in customer service, tax collection, technology, cybersecurity, and data protection (Sec. 2(b)(2)(B)(i)) - The IRS Commissioner must submit quarterly reports every 14 days after the end of each three-month period describing how funds were spent and new employees hired (Sec. 3(a)(1)) - The Treasury Secretary must also submit quarterly reports describing Treasury Department spending and any new initiatives using these funds (Sec. 3(b)(1)) ##
If this becomes law, the IRS cannot immediately use certain appropriated funds. Instead, it must first create a detailed spending plan for Congress's review. Congress has 60 days to formally disapprove the plan. If Congress disapproves it, the IRS must create a new plan and Congress gets another 60 days to review it. The IRS and Treasury must also provide quarterly progress reports to Congress listing specific actions taken, money spent by division, new hires, and employee security clearance status. If the IRS or Treasury fail to submit required reports on time, their funding gets reduced by a set amount per day late. ##
- **Joint resolution of disapproval**: A formal Congressional vote rejecting the IRS spending plan (Sec. 2(c)(1)) - **Applicable period**: The time from after the initial spending plan is due through September 30, 2031 (Sec. 3(c)(1)) - **Taxpayer return information**: Not specified in bill text - **Appropriate Congressional committees**: The Senate Finance Committee, Senate Appropriations Committee, House Ways and Means Committee, and House Appropriations Committee (Sec. 4) ##
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.