• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

www.myfederalretirement.com

Financial Planning Resources for Federal & Postal Employees

  • FREE Newsletter
  • Pay & COLAs
  • Thrift Savings
  • Insurance
  • FERS / CSRS
  • Find A Professional
  • Workshops
  • Podcast

Legislation Introduced to Prevent Government Shutdowns

January 17, 2019 My Federal Retirement

Senator Rand Paul (R-KY) introduced Wednesday a bill that would prevent government shutdowns from happening.

Instead of government shutting down operations over stalled funding in the future. the Government Shutdown Prevention Act (S. 147) would keep government open but institute a one-percent cut to then-current funding levels for any agency, program, and activity that Congress failed to fund by the start of the fiscal year (October 1). Funding would be reduced by another one percent every 90 days thereafter that an agreement is still not enacted.

“No matter where one stands on the debate over government spending, we should all be able to agree that Congress needs to handle Americans’ money thoughtfully and hit its deadlines. The Government Shutdown Prevention Act would take a major step forward toward bringing basic fiscal responsibility to Capitol Hill,” said Sen. Paul.

Currently, Congress does not face any consequences for failing to pass appropriations bills on time, which has helped lead to it pursuing procrastination over prudence and risking shutdowns due to impasses.

Along with ensuring government honors its obligations and maintains its operations, Paul’s proposal would give agencies the certainty of knowing that, in a worst-case scenario, they will always be able to operate with a full year of funding at no less than 96 percent of their then-current levels.

Senators Mike Lee (R-UT) and Joni Ernst (R-IA) joined Paul in introducing the bill.

Advertisement

Paul discusses the proposed legislation in a video below.  The full text of the bill can be read here.

Related:

  • Bill Introduced to Permanently End Government Shutdowns
  • Legislation Reintroduced to Prevent Government Shutdown
Advertisement

Primary Sidebar

Recent Must-Reads

How to Check the Status of Your Federal Income Tax Refund

More Opportunities to Use Section 529 College Savings Funds from New Law

Footer

About Us
Contact Us
Advertise

Free Email Newsletter
Facebook
Twitter

Terms of Service
Privacy Policy
Cookies Policy

My Federal Retirement is not affiliated with the U.S. Federal Government.
Copyright © 2007-2024 My Federal Retirement. All Rights Reserved. Reproduction without permission prohibited.