House Budget Committee advances reform measures

The House Budget Committee approved the Biennial Budgeting and Enhance Oversight Act of 2014 introduced by Rep. Reid Ribble (R-Wis.) on Tuesday.

The bipartisan measure would establish a biennial budget and appropriations cycle that would enable Congress to focus on budgeting and appropriations in one year and program authorizations in the next.

“Congress needs adequate time to consider all the data surrounding federal programs and their costs,” Ribble said. “Biennial budgeting gives Congress more time to make those important decisions. Switching to a biennial budgeting system allows for Congress to provide greater oversight of appropriations, enhanced economic certainty in the private sector and savings in taxpayer money.”

The measure would also bring certainty to the budget and appropriations process that would allow agencies to operate more efficiently.
The House Budget Committee also approved the Budget and Accounting Transparency Act of 2014, which would ensure the full cost of federal credit programs are included in the budget and in cost estimates for legislation, on Tuesday.

Rep. Paul Ryan (R-Wis.), the chairman of the committee, said the measures would force legislators to be honest about the cost of their decisions and help Congress set priorities.
“Washington is spending too much money, and the current budget process encourages Congress to spend even more,” Ryan said. “Right now, there’s simply too much waste and too little accountability.”