H.R.5566 - Wasteful Defense Spending Reduction Act of 2016114th Congress (2015-2016)
|Sponsor:||Rep. Kind, Ron [D-WI-3] (Introduced 06/22/2016)|
|Committees:||House - Armed Services; Rules; Appropriations|
|Latest Action:||House - 06/22/2016 Referred to the Committee on Armed Services, and in addition to the Committees on Rules, and Appropriations, 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. (All Actions)|
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Summary: H.R.5566 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in House (06/22/2016)
Wasteful Defense Spending Reduction Act of 2016
The bill establishes the Wasteful Defense Spending Reduction Commission, which shall: (1) review and make recommendations for the termination of Department of Defense (DOD) procurement programs, and (2) submit a schedule for the termination of each program identified.
DOD: (1) may not terminate such a program unless a joint resolution approving such termination is enacted, and (2) shall carry out an approved termination in accordance with the schedule submitted by the commission.
The commission shall terminate on December 31, 2017.
This bill requires that any amounts remaining from funds appropriated for the commission or any program terminated pursuant to this bill be deobligated, rescinded, and returned to the Treasury for deficit reduction.