- July 11, 2024
Senator Marshall Continues Fight for Fiscal Sanity in Washington
Washington, D.C. – U.S. Senator Roger Marshall, M.D., a member of the Senate Budget Committee, joined Senator Mike Braun (R-IN) in the introduction of four bills to increase transparency on the enormous spending levels in the federal government and to address the unsustainable national debt.
“We must strengthen accountability and transparency in the budget process if we are going to tackle our historical national debt crisis. Without these reforms, our children and grandchildren will be saddled with crippling debt for the foreseeable future,” Senator Marshall said. “It’s time we start running the government like a business. I am proud of the strides we’ve made in uniting the Republican Conference to fix our broken budget process. I am proud of the work Senator Braun and I are doing to tackle this crisis. My mission remains to reform Washington’s broken budgeting tactics and bring fiscal sanity to the nation’s capital.
“We’re on the path to financial destruction because the federal government keeps spending money we don’t have,” Senator Braun said. “Congress needs firm guardrails because they won’t stop spending more than we take in. These budget bills I am introducing today will help restore fiscal sanity.”
Senator Marshall joined in introducing the following bills:
The Fiscal State of Nation Act is a bipartisan bill that provides lawmakers with the most current, nonpartisan data on the nation’s fiscal health so they can make fiscally responsible and economically sound decisions.
Specifically, it requires the Comptroller General to address a joint hearing on the House and Senate Budget Committees each year and present the Financial Report of the United States Government in order to provide an analysis of the nation’s fiscal state.
The Improper Payments Transparency Act increases reporting requirements by requiring clear and comprehensive data on improper payments in the President’s annual budget request each year.
In FY 2023, federal agencies reported $236 billion in improper payments, but the true scale remains unknown due to insufficient reporting requirements
The Debt-to-GDP Transparency and Stabilization Act requires the President’s annual budget to include the debt-to-GDP ratio, which provides context for the size of the debt to our nation’s total economic output and our ability to pay it back.
The Strengthening Administrative PAYGO Act restores oversight of costly executive actions by reasserting Congress’ constitutional authority of reining in the out-of-control and unchecked administrative spending.