IRS Funding Accountability Act
Summary
IRS Funding Accountability Act This bill delays for a 60-day period funding for the Internal Revenue Service (IRS) enforcement activities enacted by the Inflation Reduction Act (except for eliminating return processing backlogs and reducing call wait times) until an annual spending plan for such activities is submitted to the congressional tax and appropriation committees. Congress may enact a joint resolution of disapproval of the spending plan before the end of the 60-day period requiring the IRS to submit a new spending plan. The IRS and the Department of the Treasury must make quarterly reports to the committees on expenditures for enforcement activities. The bill requires reductions in appropriations to the IRS for any failure to submit required reports.
Bill status
in committee
1 of 4 stages cleared
Introduction
Nov 2022
Committee Review
Floor Vote
President
Introduced Nov 16, 2022
Last action Nov 16, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Nov 16, 2022
Committee
Read twice and referred to the Committee on Finance. (text: CR S6742-6743)
upper
Nov 16, 2022
Introduced
Introduced in Senate
upper
1 primary · 16 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John Thune
RRepublican
Co
Ben Sasse
RRepublican
Co
Bill Cassidy
RRepublican
Co
Chuck Grassley
RRepublican
Co
Cynthia M. Lummis
RRepublican
Co
James Lankford
RRepublican
Co
John Barrasso
RRepublican
Co
John Cornyn
RRepublican
Co
Marsha Blackburn
RRepublican
Co
Mike Braun
RRepublican
Co
Mike Crapo
RRepublican
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