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LEDGER Act
4/11/2025, 2:53 AM
Summary of Bill S 1160
Bill 119 s 1160, also known as the "Adequate Traceability for Federal Expenditures Act," is a proposed piece of legislation in the US Congress. The main goal of this bill is to ensure that there is proper tracking and documentation of all expenditures made by the Federal Government.
If passed, this bill would require all federal agencies to maintain detailed records of how taxpayer money is being spent. This includes keeping track of where funds are allocated, how they are being used, and who is responsible for overseeing the expenditures.
The bill aims to increase transparency and accountability within the government by making it easier for the public to access information about how their tax dollars are being utilized. By requiring adequate traceability for expenditures, the government can better identify and prevent instances of waste, fraud, and abuse. Overall, Bill 119 s 1160 seeks to promote responsible financial management within the Federal Government and ensure that taxpayer funds are being used efficiently and effectively.
If passed, this bill would require all federal agencies to maintain detailed records of how taxpayer money is being spent. This includes keeping track of where funds are allocated, how they are being used, and who is responsible for overseeing the expenditures.
The bill aims to increase transparency and accountability within the government by making it easier for the public to access information about how their tax dollars are being utilized. By requiring adequate traceability for expenditures, the government can better identify and prevent instances of waste, fraud, and abuse. Overall, Bill 119 s 1160 seeks to promote responsible financial management within the Federal Government and ensure that taxpayer funds are being used efficiently and effectively.
Congressional Summary of S 1160
Locating Every Disbursement in Government Expenditure Records Act or the LEDGER Act
This bill requires the Department of the Treasury to implement a system that tracks all outlays from each appropriation, receipt, or other fund account in the Treasury by each department, agency, office, or other establishment in the executive, legislative, or judicial branches of the federal government. The system must also track the period of availability of the amounts in the applicable appropriation, receipt, or other fund account.
Read the Full Bill
Current Status of Bill S 1160
Bill S 1160 is currently in the status of Bill Introduced since March 26, 2025. Bill S 1160 was introduced during Congress 119 and was introduced to the Senate on March 26, 2025. Bill S 1160's most recent activity was Read twice and referred to the Committee on Homeland Security and Governmental Affairs. as of March 26, 2025
Bipartisan Support of Bill S 1160
Total Number of Sponsors
2Democrat Sponsors
0Republican Sponsors
2Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1160
Primary Policy Focus
Alternate Title(s) of Bill S 1160
A bill to require adequate traceability for expenditures by the Federal Government.
A bill to require adequate traceability for expenditures by the Federal Government.
Comments
Sponsors and Cosponsors of S 1160
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