FRUGAL Act
Latest action · Sep 18, 2014 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.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 18, 2014
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 5
Members who signed on, in the order they did. All signed on Sep 18, 2014.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NH | Ann M. Kuster | Original | Sep 18, 2014 |
| D-CA | Eric Swalwell | Original | Sep 18, 2014 |
| D-AZ | Kyrsten Sinema | Original | Sep 18, 2014 |
| D-FL | Patrick Murphy | Original | Sep 18, 2014 |
| D-TX | Pete P. Gallego | Original | Sep 18, 2014 |
Actions 2
Everything that happened, newest first.
- Sep 18, 2014Introduced in House
- Sep 18, 2014Referred 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.
Subjects
Assigned by the Library of Congress. Policy area: Government Operations and Politics.
- Administrative law and regulatory procedures
- Budget deficits and national debt
- Congressional oversight
- Currency
- Foreign property
- General Services Administration
- Government Operations and Politics
- Government studies and investigations
- Public contracts and procurement
- Small business
- Tax administration and collection, taxpayers
- Taxation of foreign income
Text 1
Each version as it was printed, newest first.
- Sep 18, 2014Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.