IRS Funding Accountability Act

S 338, the IRS Funding Accountability Act, requires the Internal Revenue Service (IRS) Commissioner to submit detailed annual spending plans to Congress for IRS funding. These plans must cover five years of spending, include specific metrics for taxpayer services (like call wait times), audit rates, and technology investments, and be reviewed by oversight bodies. The bill imposes strict deadlines: missing the annual plan submission triggers a 60-day funding moratorium on certain IRS resources, while late quarterly reports result in daily funding reductions ($1 million per day for IRS reports). This directly affects the IRS's budget execution and its reporting obligations to Congress, with penalties for noncompliance.