Government Spending Oversight Act of 2024

This bill establishes a new Government Spending Oversight Committee to monitor how federal funds are spent, specifically focusing on money allocated through major pandemic relief and other significant spending acts like the CARES Act, American Rescue Plan, and Inflation Reduction Act. The committee, composed of various agency Inspectors General, will work to prevent fraud, waste, and mismanagement by conducting audits, analyzing data, and providing reports to Congress. It will create a public website to increase transparency about how these funds are used and require agencies to report on implementing the committee's recommendations. The committee will operate under specific rules for subpoena authority and information sharing, with a requirement to submit biannual reports to Congress. The committee is scheduled to begin operations on September 30, 2025.