US Congress House Bill 5652 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: Introduced on September 18 2014 - 25% progression, died in committee
Action: 2014-09-18 - Referred to House Financial Services
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Fiscal Responsibility Using Government Accountability Laws Act of 2014 or the FRUGAL Act - Requires the Treasury Inspector General for Tax Administration to analyze the extent to which taxpayers are reporting existing foreign accounts and are circumventing or properly utilizing offshore voluntary disclosure initiatives and programs. Requires the Internal Revenue Service (IRS) to: (1) increase educational outreach concerning taxpayer offshore tax obligations, and (2) report to Congress on closing offshore tax loopholes and increasing revenue collection from offshore sources. Requires the Federal Acquisition Regulation to be revised to include guidelines for federal agencies to use reverse auctions, an electronic auction in which offerors compete by submitting bids or revised bids for a contract, task, or delivery order until the award is made to the offeror with the lowest bid. States that the guidelines should ensure that reverse auctions uphold high quality standards and that small businesses can continue to participate in the procurement process. Requires the Board of Governors of the Federal Reserve System to develop and implement a plan to reduce spending on coin inventory management.

Fiscal Responsibility Using Government Accountability Laws Act of 2014

Rep. Raul Ruiz [D-CA]	Rep. Pete Gallego [D-TX]	Rep. Ann Kuster [D-NH]	Rep. Patrick Murphy [D-FL]
Sen. Kyrsten Sinema [I-AZ]	Rep. Eric Swalwell [D-CA]

Date	Chamber	Action
2014-09-18	House	Referred to House Financial Services
2014-09-18	House	Referred to House Oversight and Government Reform
2014-09-18	House	Referred to House Ways and Means
2014-09-18	House	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.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/5652/all-info
Text	https://www.congress.gov/113/bills/hr5652/BILLS-113hr5652ih.pdf