I
112th CONGRESS
1st Session
H. R. 3121
IN THE HOUSE OF REPRESENTATIVES
October 6, 2011
Mr. Barrow introduced the following bill; which was referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned
A BILL
To require congressional approval for certain obligations exceeding $100,000,000.
Short title
This Act may be cited as the
Reclaiming Oversight of Executive Branch Spending
Act
.
Congressional approval for certain obligations exceeding $100,000,000
Approval requirement
No Federal department or agency may enter into a contract with, award a grant to, or guarantee a loan for, a private entity in excess of $100,000,000 for a fiscal year, unless the department or agency submits to the Congress a request for approval of such contract, grant, or guarantee, and such approval is subsequently granted by enactment of a joint resolution.
Expedited consideration
A joint resolution of approval under subsection (a) shall be considered in the House of Representatives and the Senate not later then 30 days after the date of submission of a request under such subsection, under expedited procedures.
Effective date
This section shall take effect on the date that is 180 days after the date of the enactment of this Act.