H.R. 5652House113th Congress (2013-2015)In Committee

FRUGAL Act

Sponsored by Raul RuizRep. Raul Ruiz (D-CA)
Introduced September 18, 2014

Legislative Activity

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Referred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Government Reform, and Financial Services, 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.

September 18, 2014

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HouseIntro Referral

Introduced in House

September 18, 2014

HouseIntro Referral

Referred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Government Reform, and Financial Services, 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.

September 18, 2014

Floor Debate

9 members

What members said about H.R. 5652 on the floor

9 Republicans
Lynn A. Westmoreland
Rep. Lynn A. WestmorelandR-GA-3 · Feb 27, 2013

Mr. Speaker, I'm joined by some of our colleagues tonight here to talk about the sequester. We've heard a lot about it in the last, I guess, 10 or 12 1-minute speeches about the sequester and how bad…

James Lankford
Rep. James LankfordR-OK-5 · Feb 27, 2013

I thank the gentleman from Georgia. Mr. Speaker, it's an honor to be able to stand in front of this House today. Let me talk about families that all across America right now are struggling with their…

Austin Scott
Rep. Austin ScottR-GA-8 · Feb 27, 2013

Thank you, Mr. Westmoreland. I certainly enjoyed serving with you in the Georgia House where we balanced the budget on an annual basis and made cuts certainly much larger than this on a percentage…

Roger Williams
Rep. Roger WilliamsR-TX-25 · Feb 27, 2013

Madam Speaker, President Obama's sequester is bad for America. There's no getting around it. Good programs are going to be cut, good people are going to be furloughed; and bad leadership from…

Louie Gohmert
Rep. Louie GohmertR-TX-1 · Feb 27, 2013

I appreciate my friend from Georgia hosting this hour and also yielding. This is a very important topic, and people need to understand what's going on. Now, as someone who was totally opposed to the…

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Chris Collins
Rep. Chris CollinsR-NY-27 · Feb 27, 2013

I want to thank the gentleman from Georgia for that kind introduction. I would put two words forward: when I came to my period of time as county executive in Erie County, the largest upstate county…

David G. Valadao
Rep. David G. ValadaoR-CA-21 · Feb 27, 2013

Mr. Speaker, I agree, Congress needs to get serious about our Nation's irresponsible spending; however, broad-based, automatic spending cuts and tax increases are not the way to get our fiscal House…

Ted S. Yoho
Rep. Ted S. YohoR-FL-3 · Feb 27, 2013

I thank the gentleman from Georgia. Mr. Speaker, I rise today on behalf of my constituents in Florida's Third District to voice the concerns they have shared with me over the President's sequester…

Rodney Davis
Rep. Rodney DavisR-IL-13 · Feb 27, 2013

I thank the gentleman from Georgia. I rise today, Mr. Speaker, to remind us all what President Kennedy told us. He said: Let us not seek the Republican or Democratic answer, but the right answer. Let…

Bill Text

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Introduced in HouseIssued September 18, 2014

I

113th CONGRESS

2d Session

H. R. 5652

IN THE HOUSE OF REPRESENTATIVES

September 18, 2014

Mr. Ruiz (for himself, Ms. Kuster, Mr. Murphy of Florida, Mr. Swalwell of California, Ms. Sinema, and Mr. Gallego) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Government Reform and Financial Services, 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 provide for fiscal responsibility by the Federal Government through the use of accountability laws.

1.

Short title

This Act may be cited as the Fiscal Responsibility Using Government Accountability Laws Act of 2014 or the FRUGAL Act.

2.

Offshore Tax Policies Enforcement

(a)

Determination of extent of taxpayer compliance in reporting on foreign accounts

(1)

In general

Not later than 1 year after the date of the enactment of this Act, the Treasury Inspector General for Tax Administration shall—

(A)

conduct an analysis designed to measure the extent to which taxpayers are reporting existing foreign accounts and circumventing the 2003 Offshore Voluntary Compliance Initiative, 2009 Offshore Voluntary Disclosure Program, 2011 Offshore Voluntary Disclosure Initiative, and 2012 Offshore Voluntary Disclosure Programs and the extent to which taxpayers are properly utilizing offshore voluntary disclosure initiatives, and

(B)

submit a report to Congress based on the analysis.

(2)

Report

The report required by paragraph (1) shall—

(A)

specify the extent to which taxpayers are circumventing offshore voluntary compliance initiatives and the amount of lost revenue as a result of such circumvention, and

(B)

contain such recommendations as the Treasury Inspector General for Tax Administration considers is necessary or appropriate for closing offshore tax loopholes and increasing revenue collection from offshore sources.

(b)

Increase in educational outreach concerning taxpayer offshore tax obligations

(1)

In general

The Commissioner of Internal Revenue shall—

(A)

improve targeting taxpayers with offshore accounts by determining how taxpayers learned about the offshore voluntary disclosure program and targeting outreach efforts about offshore account reporting requirements to recent immigrants, and

(B)

use data gained from offshore programs—

(i)

to identify taxpayers with unreported foreign accounts, and

(ii)

to educate populations of taxpayers that might not be aware of their tax obligations related to offshore income filing requirements.

(2)

Report

Not later than 1 year after the date of the enactment of this Act, the Commissioner of Internal Revenue shall submit a report to Congress describing how the Internal Revenue Service will close offshore tax loopholes and containing recommendations for closing offshore tax loopholes and increasing revenue collection from offshore sources.

3.

Reverse auctions in Government contracting

(a)

Revision of FAR

Not later than 180 days after the date of the enactment of this Act, the Federal Acquisition Regulation shall be revised to clarify the provisions relating to the use of reverse auctions by Federal agencies.

(b)

Guidelines

The revisions to the Federal Acquisition Regulation shall include guidelines for the most efficient use of reverse auctions, including guidelines for ensuring that reverse auctions uphold high quality standards and that small businesses can continue to participate in the procurement process.

(c)

Reverse auction defined

In this section, the term reverse auction, with respect to a procurement by a Federal agency, means a real-time auction conducted through an electronic medium by a group of offerors that compete against each other by submitting bids for a contract or a task or delivery order, with the ability to submit revised bids throughout the course of the auction, with award made to the offeror that submits the lowest bid.

4.

Coin inventory management plan and report

(a)

Plan required

Not later than 180 days after the date of the enactment of this Act, the Board of Governors of the Federal Reserve System shall develop and implement a plan to reduce spending on coin inventory management.

(b)

Contents of plan

The plan required under subsection (a) shall—

(1)

assess factors that have increased coin management costs;

(2)

establish a process to separately monitor direct and indirect costs, including support costs, of coin management;

(3)

establish goals and performance metrics related to coin management costs; and

(4)

establish a process to systematically track, analyze, and revise forecasting models of coin orders.

(c)

Report

The Board of Governors shall submit to Congress a report on the plan that includes—

(1)

a timeline for implementing each objective of the plan;

(2)

a description of the accuracy of monthly forecasts of coin orders; and

(3)

a description of cost effective coin management practices across Federal reserve banks.