Delivering On Government Efficiency in Spending Act

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Bill ID: 119/s/1991
Last Updated: September 7, 2026

Sponsored by

Sen. Ernst, Joni [R-IA]

ID: E000295

Follow the money

The bill

Delivering On Government Efficiency in Spending Act

S. 1991, 119th Congress — read as touching Commercial Banks.

The sponsor

Sen. Ernst, Joni [R-IA]

Every bill has someone who introduced it. That name is where the paper trail starts.

The money

$383,500 raised

23 itemised contributions to this sponsor, pulled from FEC filings.

The alignment

85% match to Project 2025

This bill's text tracks the "Department of the Treasury" section, p. 733-735 of the Mandate for Leadership.

Bill's Journey to Becoming a Law

Track this bill's progress through the legislative process

Latest Action

Committee on Small Business and Entrepreneurship. Hearings held.

December 9, 2025

Introduced

Committee Review

📍 Current Status

Next: The bill moves to the floor for full chamber debate and voting.

🗳️

Floor Action

✅

Passed Senate

🏛️

House Review

🎉

Passed Congress

🖊️

Presidential Action

⚖️

Became Law

📚 How does a bill become a law?

1. Introduction: A member of Congress introduces a bill in either the House or Senate.

2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.

3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.

4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.

5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.

6. Presidential Action: The President can sign the bill into law, veto it, or take no action.

7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!

Bill Summary

Another masterpiece of legislative theater, brought to you by the esteemed members of Congress. The "Delivering On Government Efficiency in Spending Act" - a title that's about as genuine as a politician's promise.

**Main Purpose & Objectives:** The bill's primary objective is to require federal agencies to provide more detailed information about their payments, supposedly to increase transparency and accountability. But let's not be naive; this is just a thinly veiled attempt to create the illusion of oversight while maintaining the status quo.

**Key Provisions & Changes to Existing Law:** The bill amends chapter 33 of title 31, United States Code, by adding new requirements for agencies to report payment information, including brief descriptions of payment purposes, appropriations accounts, and activity types. It also mandates periodic updates and public reporting of this data. Oh, and there's a lovely exemption clause that allows agencies to opt out if it might "adversely impact" sensitive operations - because national security is always a convenient excuse for secrecy.

**Affected Parties & Stakeholders:** The usual suspects are involved: federal agencies, the Treasury Department, and Congress itself. But let's not forget the real stakeholders - the special interest groups and lobbyists who'll be pouring over this data to find ways to exploit it for their own gain.

**Potential Impact & Implications:** This bill is a classic case of "lipstick on a pig." It might look pretty, but it won't change the underlying disease. The added reporting requirements will create more bureaucratic red tape, and the exemptions will ensure that the most sensitive information remains hidden. Meanwhile, the public will be fed a steady diet of meaningless data, designed to distract from the real issues.

In short, this bill is a masterclass in legislative obfuscation. It's a Band-Aid on a bullet wound, a placebo for the gullible masses. The politicians behind it are either incompetent or complicit - take your pick. As I always say, "Everyone lies." And this bill is just another example of that timeless truth.

Related Topics

Federal Budget & AppropriationsGovernment Operations & AccountabilityState & Local Government Affairs
Generated using Llama 3.1 70B (Dr. Haus personality)

💰 Campaign Finance Network

Sen. Ernst, Joni [R-IA]

Congress 119 • 2024 Election Cycle

Total Contributions
$383,500
22 donors
PACs
$0
Organizations
$7,700
Committees
$0
Individuals
$375,800

No PAC contributions found

1
SAC & FOX TRIBE OF MISSISSIPPI IN IOWA
2 transactions
$6,700
2
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
1 transaction
$1,000

No committee contributions found

1
ABEL, ANDREA MS.
1 transaction
$50,000
2
MCINERNEY, THOMAS E. MR.
1 transaction
$50,000
3
NICOLLS, BOB MR.
1 transaction
$25,000
4
GRAY, C. BOYDEN
1 transaction
$25,000
5
CATSIMATIDIS, JOHN A. MR.
1 transaction
$25,000
6
KOTICK, ROBERT MR.
1 transaction
$16,600
7
VINCZE, CHRISTOPHER
1 transaction
$15,800
8
FRANCE, BRIAN Z. MR.
1 transaction
$15,000
9
BAKER, BERNARD J. MR. III
1 transaction
$15,000
10
HEGYI, ALBERT P. MR.
1 transaction
$15,000
11
DAVISON, JAMES E. MR.
1 transaction
$15,000
12
BROIN, JEFF MR.
1 transaction
$15,000
13
SHERRILL, STEPHEN C. MR.
1 transaction
$15,000
14
GLEESON, JOHN W. MR.
1 transaction
$12,500
15
RAY-GLEESON, KAREN S. MRS.
1 transaction
$12,500
16
POPOLO, JOE
1 transaction
$11,800
17
PFAUTCH, ROY MR.
1 transaction
$11,600
18
GOLDMAN, MARC STANLEY
1 transaction
$10,000
19
SCHLOEMER, JAMES H. MR.
1 transaction
$10,000
20
SABIN, ANDREW MR.
1 transaction
$10,000

Cosponsors & Their Campaign Finance

This bill has 10 cosponsors. Below are their top campaign contributors.

Sen. Sheehy, Tim [R-MT]

ID: S001232

Top Contributors

100

1
CLUB FOR GROWTH PAC
PACWASHINGTON, DC
$7,720
Jun 27, 2024
2
CLUB FOR GROWTH PAC
PACWASHINGTON, DC
$7,720
Jun 27, 2024
3
CLUB FOR GROWTH PAC
PACWASHINGTON, DC
$7,720
Jun 27, 2024
4
CLUB FOR GROWTH PAC
PACWASHINGTON, DC
$7,720
Jun 27, 2024
5
CLUB FOR GROWTH PAC
PACWASHINGTON, DC
$7,720
Jun 27, 2024
6
SENATE CONSERVATIVES FUND
PACWASHINGTON, DC
$7,609
Jun 21, 2024
7
SENATE CONSERVATIVES FUND
PACWASHINGTON, DC
$7,609
Jun 21, 2024
8
SENATE CONSERVATIVES FUND
PACWASHINGTON, DC
$7,609
Jun 21, 2024
9
REPUBLICAN JEWISH COALITION-POLITICAL ACTION COMMITTEE (RJC-PAC)
PACWASHINGTON, DC
$7,000
Jun 25, 2024
10
REPUBLICAN JEWISH COALITION-POLITICAL ACTION COMMITTEE (RJC-PAC)
PACWASHINGTON, DC
$7,000
Jun 25, 2024

Sen. Lummis, Cynthia M. [R-WY]

ID: L000571

Top Contributors

20

1
HEGYI, ALBERT P
1ST FINANCIAL BANK USA • BANKER
IndividualNEW YORK, NY
$6,600
Dec 6, 2023
2
MANDELBLATT, DANIELLE
RETIRED • RETIRED
IndividualASPEN, CO
$6,600
Sep 26, 2024
3
MANDELBLATT, ERIC
SOROBAN CAPITAL PARTNERS LP • MANAGING PARTNER
IndividualASPEN, CO
$6,600
Sep 26, 2024
4
SAMANI, PYAHM
IndividualAUSTIN, TX
$5,800
Aug 8, 2023
5
CASCARILLA, MARISSA
NA • HOMEMAKER
IndividualMIAMI, FL
$3,700
Apr 1, 2024
6
CASCARILLA, CHARLES
PAXOS • CEO
IndividualMIAMI, FL
$3,700
Apr 1, 2024
7
DOWNS, RAISSA
TARPLIN, DOWNS AND YOUNG, LLC • CONSULTANT
IndividualWASHINGTON, DC
$3,600
Dec 12, 2024
8
SCARAMUCCI, ANTHONY
SKYBRIDGE • MANAGING PARTNER
IndividualPLANDOME, NY
$3,435
Jul 30, 2024
9
HOBART, ROBERT
VENTURE GOVERNMENT STRATEGIES • CONSULTANT
IndividualNASHVILLE, TN
$3,435
Aug 5, 2024
10
HOLDING, KATHLEEN MS.
SUNLIGHT RANCH CO. • EXECUTIVE
IndividualDAYTON, WY
$3,300
Dec 6, 2023

Sen. Mullin, Markwayne [R-OK]

ID: M001190

Top Contributors

48

1
SNOQUALMIE TRIBE
OrganizationSNOQUALMIE, WA
$3,300
Nov 7, 2023
2
SNOQUALMIE TRIBE
OrganizationSNOQUALMIE, WA
$3,300
Nov 1, 2024
3
MATCH-E-BE-NASH-SHE-WISH BAND OF POTTAWATOMI INDIANS
OrganizationSHELBYVILLE, MI
$3,300
Oct 28, 2024
4
MIAMI TRIBE OF OKLAHOMA
OrganizationMIAMI, OK
$3,300
Mar 11, 2024
5
MIAMI TRIBE OF OKLAHOMA
OrganizationMIAMI, OK
$3,300
Mar 11, 2024
6
MUSCOGEE CREEK NATION
OrganizationOKMULGEE, OK
$3,300
Jun 10, 2024
7
HABEMATOLEL POMO OF UPPER LAKE INDIAN TRIBE
OrganizationUPPER LAKE, CA
$3,300
May 16, 2024
8
HABEMATOLEL POMO OF UPPER LAKE INDIAN TRIBE
OrganizationUPPER LAKE, CA
$3,300
May 16, 2024
9
THE CHICKASAW NATION
OrganizationADA, OK
$3,300
Sep 17, 2024
10
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$3,000
Nov 5, 2024

Sen. Lee, Mike [R-UT]

ID: L000577

Top Contributors

20

1
MACRICOSTAS, GEORGE
RETIRED • RETIRED
IndividualINCLINE VILLAGE, NV
$13,200
May 14, 2024
2
PFAUTCH, ROY
CIVIC SERVICE • CONSULTANT
IndividualSAINT LOUIS, MO
$9,900
Feb 20, 2024
3
NICOLAISEN, JAMES E
RETIRED • RETIRED
IndividualPORTLAND, OR
$8,700
Jul 19, 2024
4
METZGER, WILLIAM
RETIRED • RETIRED
IndividualBOONVILLE, IN
$8,700
Jul 23, 2024
5
S., TINA
SELF • RESTAURANT
IndividualMAUREPAS, LA
$8,700
Sep 10, 2024
6
DE CARLI, JAMES
RETIRED • RETIRED
IndividualDANA POINT, CA
$8,700
Aug 10, 2024
7
EDWARDS, ZELLA
RETIRED • RETIRED
IndividualCHAMBERSBURG, PA
$8,700
Sep 10, 2024
8
RICHARDSON, CHERYL
GRANITE SCHOOL DISTRICT • PARAEDUCATOR
IndividualSLC, UT
$8,700
Jul 9, 2024
9
DONADIO, RICHARD
RETIRED • RETIRED
IndividualDACULA, GA
$8,700
Aug 13, 2024
10
ZALL, MARGIE
RETIRED • RETIRED
IndividualBOYNTON BEACH, FL
$8,700
Sep 19, 2024

Sen. Risch, James E. [R-ID]

ID: R000584

Top Contributors

21

1
CRW RESOURCES
OrganizationCOEUR D ALENE, ID
$1,000
Feb 29, 2024
2
SNELL, PETER
ARBELLA CAPITAL • REAL EATATE
IndividualARLINGTON, VA
$5,000
May 8, 2024
3
KAYALI, ZEID
SELF • PHYSICIAN
IndividualPASADENA, CA
$3,500
Feb 9, 2023
4
MOORE, JEFFREY
RETIRED • RETIRED
IndividualLAS VEGAS, NV
$3,435
Nov 19, 2024
5
KTELEH, TAREK
RHEUMATOLOGY • DOCTOR
IndividualFISHERS, IN
$3,300
Dec 23, 2024
6
ALAAMA, ABDUL M.D.
SELF • GASTROENTEROLOGY
IndividualWHITTIER, CA
$3,300
Feb 9, 2023
7
ASHOURI, DIANA
UNIVERSITY OF CALIFORNIA • PHYSICIAN
IndividualPASADENA, CA
$3,300
Feb 9, 2023
8
DIAB, MOHAMED KHEIR
MASIMO CORPORATION • DIRECTOR
IndividualLADERA RANCH, CA
$3,300
Feb 9, 2023
9
MOUJTAHED, SAED
OWL REXALL INFUSION • DIRECTOR
IndividualTRABUCO CANYON, CA
$3,300
Feb 9, 2023
10
MONSEN, MARION F
RETIRED • RETIRED
IndividualSUN VALLEY, ID
$3,300
Sep 6, 2023

Sen. Tuberville, Tommy [R-AL]

ID: T000278

Top Contributors

43

1
BROAD METRO LLC
OrganizationOLD WESTBURY, NY
$3,300
Apr 18, 2023
2
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$3,300
Apr 28, 2023
3
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$2,900
Feb 20, 2023
4
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$2,900
Apr 28, 2023
5
SUMMERLIN FARMS
OrganizationMOULTRIE, GA
$1,000
Oct 8, 2023
6
KENT HANCE BUSINESS
OrganizationLUBBOCK, TX
$1,000
Aug 17, 2023
7
SUMMERLIN FARMS
OrganizationMOULTRIE, GA
$1,000
Sep 8, 2023
8
KENT HANCE BUSINESS
OrganizationLUBBOCK, TX
$1,000
Sep 16, 2023
9
BEACH ICE LLC
OrganizationMOULTRIE, GA
$500
Oct 8, 2023
10
LEELAND VENTURES LLC
OrganizationHAMPTON COVE, AL
$500
Dec 4, 2023

Sen. Cramer, Kevin [R-ND]

ID: C001096

Top Contributors

26

1
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$3,300
Sep 29, 2023
2
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$3,300
Jun 14, 2024
3
SISSETON-WAHPETON OYATE
OrganizationAGENCY VILLAGE, SD
$2,500
Jun 21, 2024
4
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
OrganizationPRIOR LAKE, MN
$1,000
Jun 18, 2024
5
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
OrganizationPRIOR LAKE, MN
$600
Jun 6, 2023
6
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
OrganizationPRIOR LAKE, MN
$400
Jun 6, 2023
7
WALSH, RICHARD
IndividualLAKE WORTH BEACH, FL
$6,700
Oct 16, 2024
8
JORDAN, BORIS
CURALEAF • EXECUTIVE CHAIRMAN OF THE BOARD
IndividualBOCA RATON, FL
$6,600
Sep 15, 2023
9
SMITH, BRAD
MICROSOFT CORPORATION • ATTORNEY
IndividualBELLEVUE, WA
$6,600
Sep 29, 2023
10
KAPLAN, DAVID
ARES MANAGEMENT • CO-FOUNDER
IndividualLOS ANGELES, CA
$6,600
Oct 11, 2023

Sen. Marshall, Roger [R-KS]

ID: M001198

Top Contributors

24

1
THE KROGER CO. POLITICAL ACTION COMMITTEE
PACCINCINNATI, OH
$3,000
Mar 16, 2023
2
THE KROGER CO. POLITICAL ACTION COMMITTEE
PACCINCINNATI, OH
$2,500
Mar 23, 2023
3
INTERNATIONAL ASSOCIATION OF FIRE FIGHTERS
PACWASHINGTON, DC
$2,500
Mar 31, 2023
4
THE POLITICAL ACTION COMMITTEE OF THE FERTILIZER INSTITUTE
PACWASHINGTON, DC
$1,500
Mar 31, 2023
5
ILLIG, MICHAEL
TIFEC LLC • PRIVATE EQUITY
IndividualLEAWOOD, KS
$13,200
Nov 3, 2024
6
MADAY, GREG
SPECCHEM • CHAIRMAN CEO
IndividualMISSION HILLS, KS
$13,200
Nov 11, 2024
7
ILLIG, BONNE
RETIRED • RETIRED
IndividualLEAWOOD, KS
$6,600
Nov 2, 2024
8
ILLIG, AMY
HOMEMAKER • HOMEMAKER
IndividualLEAWOOD, KS
$6,600
Nov 12, 2024
9
MADAY, LIZ
SPECCHEM • DIRECTOR
IndividualMISSION HILLS, KS
$6,600
Nov 12, 2024
10
MAXWELL, KORB II
POLSINELLI • SHAREHOLDER
IndividualFAIRWAY, KS
$6,600
Nov 3, 2024

Sen. Budd, Ted [R-NC]

ID: B001305

Top Contributors

20

1
MACFARLANE, RON
IndividualBUFFALO GROVE, IL
$13,068
Apr 10, 2024
2
HEGYI, ALBERT P MR.
IndividualNEW YORK, NY
$6,600
Dec 31, 2024
3
NAZIROV, ATABEK
UZDIF • CEO
IndividualCHARLOTTE, NC
$6,600
Sep 14, 2023
4
NAZIROV, ATABEK
IndividualCHARLOTTE, NC
$6,600
Sep 26, 2023
5
FROST, BRANT IV
SELF-EMPLOYED • FINANCIAL SERVICES
IndividualNEWNAN, GA
$3,300
Dec 31, 2024
6
FROST, KRISTA
HOMEMAKER • HOMEMAKER
IndividualNEWNAN, GA
$3,300
Dec 31, 2024
7
TAYLOR, WILLIAM MR.
VETERANS GUARDIAN VA CLAIM CONSULTING • BUSINESS OWNER
IndividualPINEHURST, NC
$3,300
Dec 7, 2023
8
TAYLOR, WILLIAM MR.
VETERANS GUARDIAN VA CLAIM CONSULTING • BUSINESS OWNER
IndividualPINEHURST, NC
$3,300
Dec 7, 2023
9
GREENBLATT, SCOTT MR.
VETERANS GUARDIAN • CEO
IndividualPINEHURST, NC
$3,300
Dec 8, 2023
10
GREENBLATT, SCOTT MR.
VETERANS GUARDIAN • CEO
IndividualPINEHURST, NC
$3,300
Dec 8, 2023

Sen. Daines, Steve [R-MT]

ID: D000618

Top Contributors

30

1
CONFEDERATED SALISH AND KOOTENAI TRIBES OF THE FLATHEAD NATI
OrganizationPABLO, MT
$6,600
Mar 30, 2023
2
BARONA BAND OF MISSION INDIANS
OrganizationLAKESIDE, CA
$5,000
Jun 18, 2024
3
BLUECHIP FINANCIAL
OrganizationBELCOURT, ND
$3,300
Jun 20, 2024
4
HPUL PROJECT OPERATION
OrganizationUPPER LAKE, CA
$3,300
Jun 20, 2024
5
EASTERN BAND OF CHEROKEE INDIANS
OrganizationCHEROKEE, NC
$3,300
Nov 5, 2024
6
SUQUAMISH INDIAN TRIBE
OrganizationSUQUAMISH, WA
$3,300
Sep 20, 2024
7
ALABAMA-COUSHATTA TRIBE
OrganizationLIVINGSTON, TX
$2,500
Oct 31, 2024
8
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
OrganizationPRIOR LAKE, MN
$1,000
Jun 5, 2024
9
MUSCOGEE CREEK NATION
OrganizationOKMULGEE, OK
$1,000
Jun 20, 2024
10
CHOCTAW NATION OF OKLAHOMA
OrganizationDURANT, OK
$765
Oct 17, 2023

Donor Network - Sen. Ernst, Joni [R-IA]

PACs
Organizations
Individuals
Politicians

Hub layout: Politicians in center, donors arranged by type in rings around them.

Loading...

Showing 42 nodes and 39 connections

Total contributions: $39

Top Donors - Sen. Ernst, Joni [R-IA]

Showing top 22 donors by contribution amount

2 Orgs20 Individuals

Industry Impact

Which industries are materially affected by specific provisions in this bill. 2 harmed.

  • −Commercial Banksconfidence 0.70

    Section 3(b)(1) mentions verification of bank account information, which could lead to increased regulatory burdens on commercial banks.

  • Section 3(c) and Section 3(d) discuss access to consumer reports and tax information, which may impact insurance companies that rely on such data for risk assessment and fraud prevention.

Who funds the sponsor on these industries

For each industry this bill affects, here's what the sponsor (Sen. Ernst, Joni [R-IA])received from donors associated with that industry during the 2022–present cycles. Donations are not proof of intent — they are a record of who funds the people writing the law.

Industries this bill HARMS

  • from 22 contributions
    • ROHRBAUGH, TROY$3,300
    • DIMON, JAMIE$3,300
    • LOPATA, BENJAMIN$2,000
    • BEER, ALLISON$1,000
    • MESACK, MICHELLE$500
  • from 18 contributions
    • BAUR, ROBERT F.$2,500
    • MEYER, JOYCE$1,000
    • NEELY, SUSAN K. MS.$1,000
    • SCHNEIDER, CHARLES M.$500
    • MAHLER, ROSEMARY$110

Project 2025 Policy Matches

This bill shows semantic similarity to the following sections of the Project 2025 policy document.AI-enhanced analysis provides detailed alignment ratings.

Department of the Treasury

Strong
Vector: 66%
Pages: 733-735AI Enhanced

AI Analysis:

"The bill's focus on increasing transparency and accountability in federal spending through detailed reporting and public access to payment data aligns closely with Project 2025's Treasury section emphasis on fiscal responsibility, reducing bureaucratic burden, and promoting financial transparency, including the proposal for annual government financial statements to citizens."

Key themes:transparency in federal spendingfinancial accountabilitypublic access to government datafiscal responsibilityTreasury oversight

— 701 — Department of the Treasury administers these reporting programs, most of this expense is mandated by Con- gress, not the IRS. One of the primary reasons that Congress mandates ever-increasing infor- mation reporting is that the Treasury Department and the Joint Committee on Taxation staff almost always overestimate how much revenue will be gained from still more burdensome information reporting, and they do not estimate or report private compliance costs. Congress and the Treasury Department must undertake a serious review of the information reporting regime and reduce the burden on the public—especially small businesses. Small businesses suffer disproportionately from complexity and administrative burdens. Costs do not increase linearly with size, so elevated administrative costs have an adverse effect on the competitiveness of small firms. Budget. The operating budget of the IRS should be held constant in real terms. The resources allocated to the Office of the Taxpayer Advocate should be increased by at least 20 percent (about $44 million). The Office of Equity, Diversity, and Inclusion should be closed. Provided that IT management is changed; an effective, well-considered implementation plan is adopted; and serious oversight is put in place, additional resources dedicated solely to IT modernization may be warranted. INTERNATIONAL AFFAIRS The Treasury Department should withdraw from Senate consideration the Protocol Amending the Convention on Mutual Administrative Assistance in Tax Matters.48 The protocol will lead to substantially more transnational identity theft, crime, industrial espionage, financial fraud, and suppression of political oppo- nents and religious or ethnic minorities by authoritarian and corrupt governments, including China, Colombia, Nigeria, and Russia. Unlike the original multilateral convention, the amended convention is open to all governments—including many that are either hostile to the United States, have serious corruption problems, or have inadequate privacy protections. The new Administration should also oppose the multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information.49 International organizations such as the OECD, the World Bank, and the Inter- national Monetary Fund espouse economic theories and policies that are inimical to American free market and limited government principles. The global elites who operate the IMF regularly advance higher taxes and big centralized government. The IMF has intervened in American policy debates—and has even recommended that the U.S. raise taxes. The IMF’s record of advancing global financial stability has been mixed at best. Its development assistance and lending programs in third- world countries have more often than not retarded growth rather than advancing it. The Treasury Department plays an important role in these international institutions and should force reforms and new policies. The U.S., however, should — 702 — Mandate for Leadership: The Conservative Promise withdraw from both the World Bank and the IMF and terminate its financial con- tribution to both institutions. If the U.S. is to provide economic assistance or humanitarian aid to other nations, it should do so unilaterally—not through the pass-throughs of international aid orga- nizations, non-governmental organizations, or other nations. These organizations and countries simply create expensive middle-men, while U.S. funds are intercepted before being distributed to those in need. Also, these foreign entities have interests that do not coincide with American national security and economic interests. FISCAL RESPONSIBILITY Treasury should make balancing the federal budget a mission-critical objective. The federal budget absorbs enormous resources from the economy, both in money taken from taxpayers and in money borrowed. The budget should be balanced by driving down federal spending while maintaining a strong national defense and not raising taxes. To reduce interest payments on the debt, Treasury should lock in current rel- atively low interest rates by issuing longer duration bonds, and even consider creating a 50-year treasury bill. Most of the federal debt rolls over on average about every three to four years. But interest rates, even with the latest Federal Reserve rate increases, are still below the 5 percent historical average. Treasury would thus save taxpayers money during the next several decades by issuing fewer short-term notes that will probably have to be rolled over at higher rates in the future. To promote transparency of finances, each year Americans should receive a financial statement of the U.S. government alerting citizens of the revenues, expen- ditures, deficit, and debt for the preceding fiscal year. The statement should also include this individual family’s pro-rata share of the debt based on family size. INTERNATIONAL COMPETITIVENESS The Treasury must act more assertively in international financial institutions to protect and advance U.S. national interests—and oppose those that do not. It should employ a carrot-and-stick approach by increasing its activity and commitment to those financial institutions that are willing and able to adjust to this new approach and by zeroing out or potentially exiting those institutions that rely on U.S. capital while advancing agendas that run counter to U.S. interests. l A major emphasis of effecting this change must be the addition of a large new cadre of U.S. professionals and contractors at these international financial institutions. l The U.S. must insist on the hiring and support of this human capital as a condition to future funding.

22

Moderate
Vector: 65%
Pages: 724-726AI Enhanced

AI Analysis:

"The bill promotes transparency and accountability in federal spending, which aligns with Project 2025's goals of fiscal responsibility and improved financial regulation, though it does not directly address tax policy, regulatory burden reduction, or international competitiveness."

Key themes:fiscal responsibilityfinancial transparencyaccountabilityTreasury oversight

— 691 — 22 DEPARTMENT OF THE TREASURY William L. Walton, Stephen Moore, and David R. Burton INTRODUCTION The U.S. Treasury Department has a broad regulatory and policy reach. The next Administration should make major policy changes to: (1) reduce regulatory impediments to economic growth that reduce living standards and endanger pros- perity; (2) reduce regulatory compliance costs that increase prices and cost jobs; (3) promote fiscal responsibility; (4) promote the international competitiveness of U.S. businesses; and (5) better respect the American people’s due process and privacy rights. These goals should be accomplished through: executive action (primar- ily treasury orders and treasury directives) and departmental reorganization; rulemakings; promoting constructive policies in Congress; actions in international organizations; and treaties. The primary subject matter focus of the incoming Administration’s Treasury Department should be: l Tax policy and tax administration; l Fiscal responsibility; l Improved financial regulation; l Addressing the economic and financial aspects of the geopolitical threat posed by China and other hostile countries;

Department of the Treasury

Moderate
Vector: 64%
Pages: 730-732AI Enhanced

AI Analysis:

"Both the bill and the Project 2025 Treasury section emphasize transparency, accountability, and improved management of federal financial operations, though the bill focuses on spending disclosure while Project 2025 centers on IRS reform and tax policy."

Key themes:transparencyaccountabilityefficiencyfinancial reportinggovernment oversight

— 698 — Mandate for Leadership: The Conservative Promise Fundamental Tax Reform. Achieving fundamental tax reform offers the prospect of a dramatic improvement in American living standards and an equally dramatic reduction in tax compliance costs. Lobbyists, lawyers, benefit consul- tants, accountants, and tax preparers would see their incomes decline, however. The federal income tax system heavily taxes capital and corporate income and discourages work, savings, and investment. The public finance literature is clear that a consumption tax would minimize government’s distortion of private economic decisions and thus be the least eco- nomically harmful way to raise federal tax revenues.28 There are several forms that a consumption tax could take, including a national sales tax, a business transfer tax, a Hall–Rabushka flat tax,29 or a cash flow tax.30 Supermajority to Raise Taxes. Treasury should support legislation instituting a three-fifths vote threshold in the U.S. House and the Senate to raise income or corporate tax rates to create a wall of protection for the new rate structure. Many states have implemented such a supermajority vote requirement. Tax Competition. Tax competition between states and countries is a positive force for liberty and limited government.31 The Biden Administration, under the direction of Treasury Secretary Janet Yellen, has pushed for a global minimum corporate tax that would increase taxation and the size of government in the U.S. and around the world. This attempt to “harmonize” global tax rates is an attempt to create a global tax cartel to quash tax competition and to increase the tax burden globally. The U.S. should not outsource its tax policy to international organizations. Organization for Economic Co-operation and Development. The Organi- zation for Economic Co-operation and Development (OECD), in conjunction with the European Union, has long tried to end financial privacy and impose regulations on countries with low (or no) income taxes. In fact, on tax, environmental, corpo- rate governance and employment issues, the OECD has become little more than a taxpayer-funded left-wing think tank and lobbying organization.32 The United States provides about one-fifth of OECD’s funding.33 The U.S. should end its finan- cial support and withdraw from the OECD. TAX ADMINISTRATION The Internal Revenue Service is a poorly managed, utterly unresponsive and increasingly politicized agency, and has been for at least two decades. It is time for meaningful reform to improve the efficiency and fairness of tax administration, better protect taxpayer rights, and achieve greater transparency and accountability. A substantial number of the problems attributed to the IRS are actually a function of congressional action that has made the Internal Revenue Code ridiculously complex, imposed tremendous administrative burdens on both the public and the IRS, and given massive non-tax missions to the IRS. But the culture, administrative practices, and management at the IRS need to change. — 699 — Department of the Treasury Doubling the IRS? The Inflation Reduction Act contains a radical $80 billion expansion of the IRS—enough to double the size of its workforce.34 Unless Congress reverses this policy, the IRS will become much more intrusive and impose still greater costs on the American people. The Biden Administration has also sought to make the tax system’s adminis- trative burden much worse in other ways. For example, it has proposed creating a comprehensive financial account information reporting regime that would apply to all business and personal accounts with more than $600. Banks would be required to collect the taxpayer identification numbers of and file a revised Form 1099-K for all affected payees, as well as provide additional information.35 This massive increase in the scope and breadth of information reporting should be unequivo- cally opposed. Management. The IRS has approximately 81,000 employees.36 Of those, only two are presidential appointments—the Commissioner and the Chief Counsel.37 As a practical matter, it is impossible for these two officials to overcome bureau- cratic inertia and to implement policy changes that the IRS bureaucracy wants to impede. That is why, notwithstanding decades of sound and fury, almost nothing has changed at the IRS. For the IRS to change and become more accountable, more transparent, and better managed, there is a need to increase the number of Presidential appoint- ments subject to Senate confirmation, and not subject to Senate confirmation, at the IRS. At the very least, Congress should ensure that the Deputy Commissioner for Services and Enforcement, the Deputy Commissioner for Operations Support, the National Taxpayer Advocate, the Commissioner of the Wage and Investment Division, the Commissioner of the Large Business and International Division, the Commissioner of the Small Business Self-Employed Division, and the Com- missioner of the Tax Exempt and Government Entities Division are presidential appointees.38 Information Technology. Despite the investment of billions of dollars for at least two decades, IRS information technology (IT) systems remain deficient.39 The IRS inadequately protects taxpayer information, its IT systems do not ade- quately support operations or taxpayer services, and its matching and detection algorithms are antiquated. These problems are not primarily about resources. The IRS has spent approxi- mately $27 billion on IT during the past decade, with $7 billion of that designated as “development, modernization and enhancement.“40 The problem is one of man- agement. The bureaucracy is not up to the task, and neither Congress nor a long line of IRS commissioners has forced changes. A Deputy Commissioner for Operations Support with strong IT management skills should be appointed by the IRS Commissioner or the President (once the position is made a presidential appointment). The various subordinates to the

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About These Correlations

Policy matches are calculated using a hybrid approach: initial candidates are found using semantic similarity between bill summaries and Project 2025 policy text, then an AI model (Llama 3.1 70B) provides detailed alignment ratings and analysis. Ratings range from 1 (minimal alignment) to 5 (very strong alignment). This analysis does not imply direct causation or intent.

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