This bill aims to control wasteful government spending at the end of each fiscal year by limiting how much federal agencies can spend during the final two months of the year. Under the legislation, executive agencies would be prohibited from obligating (committing) more discretionary funding in those two months than they spend on average each month during the preceding ten months, with exceptions for national security and disaster relief activities. The bill requires all federal agencies to report to Congress within 60 days after each fiscal year ends, providing a detailed public list of all discretionary spending obligations made during that final two-month period. The legislation addresses a common budgeting problem where agencies rush to spend remaining funds before the fiscal year closes to avoid losing those appropriations, which often results in unnecessary or poorly planned expenditures.
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