Emergency Spending Accountability Act

The Emergency Spending Accountability Act would require the Director of the Office of Management and Budget to implement annual sequestration orders for five consecutive fiscal years following any emergency spending appropriation, reducing budgetary resources by an amount equal to one-fifth of the total emergency spending each year. The bill applies to both discretionary and direct spending but exempts Social Security benefits, Railroad Retirement benefits, Department of Veterans Affairs programs, Medicare, and all National Defense accounts from these reductions. It also mandates that any congressional measure containing emergency spending must include a detailed justification explaining…

No official summary is available here. This one was written by AI from the bill’s text.