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End-of-Year Fiscal Responsibility Act

USA119th CongressS-4059| Senate 
| Updated: 3/18/2026
Joni Ernst

Joni Ernst

Republican Senator

Iowa

Small Business and Entrepreneurship Committee, Homeland Security and Governmental Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
The End-of-Year Fiscal Responsibility Act establishes new requirements to regulate Executive agency spending during the final two months of a fiscal year, aiming to prevent a surge in "use-it-or-lose-it" spending. It mandates that the amount of discretionary appropriations obligated by an Executive agency in each of these final two months cannot exceed the average monthly amount obligated during the preceding ten months, promoting more consistent financial management. To ensure transparency, the bill further requires Executive agencies to submit an itemized list of these end-of-year obligations to Congress and publicly post it within 60 days after the fiscal year concludes. Importantly, these spending limitations do not apply to appropriations designated for national security-related activities or disaster relief efforts , providing crucial exceptions for critical government functions.
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Timeline

Bill from Previous Congress

S 116-1238
End-of-Year Fiscal Responsibility Act
Mar 11, 2026
Introduced in Senate
Mar 11, 2026
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Mar 18, 2026
Committee on Small Business and Entrepreneurship. Hearings held.
  • Bill from Previous Congress

    S 116-1238
    End-of-Year Fiscal Responsibility Act


  • March 11, 2026
    Introduced in Senate


  • March 11, 2026
    Read twice and referred to the Committee on Homeland Security and Governmental Affairs.


  • March 18, 2026
    Committee on Small Business and Entrepreneurship. Hearings held.

Government Operations and Politics

AppropriationsCongressional oversightExecutive agency funding and structure

End-of-Year Fiscal Responsibility Act

USA119th CongressS-4059| Senate 
| Updated: 3/18/2026
The End-of-Year Fiscal Responsibility Act establishes new requirements to regulate Executive agency spending during the final two months of a fiscal year, aiming to prevent a surge in "use-it-or-lose-it" spending. It mandates that the amount of discretionary appropriations obligated by an Executive agency in each of these final two months cannot exceed the average monthly amount obligated during the preceding ten months, promoting more consistent financial management. To ensure transparency, the bill further requires Executive agencies to submit an itemized list of these end-of-year obligations to Congress and publicly post it within 60 days after the fiscal year concludes. Importantly, these spending limitations do not apply to appropriations designated for national security-related activities or disaster relief efforts , providing crucial exceptions for critical government functions.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-1238
End-of-Year Fiscal Responsibility Act
Mar 11, 2026
Introduced in Senate
Mar 11, 2026
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Mar 18, 2026
Committee on Small Business and Entrepreneurship. Hearings held.
  • Bill from Previous Congress

    S 116-1238
    End-of-Year Fiscal Responsibility Act


  • March 11, 2026
    Introduced in Senate


  • March 11, 2026
    Read twice and referred to the Committee on Homeland Security and Governmental Affairs.


  • March 18, 2026
    Committee on Small Business and Entrepreneurship. Hearings held.
Joni Ernst

Joni Ernst

Republican Senator

Iowa

Small Business and Entrepreneurship Committee, Homeland Security and Governmental Affairs Committee

Government Operations and Politics

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AppropriationsCongressional oversightExecutive agency funding and structure