WASHINGTON – Today, U.S. Senator and 2016 Senate candidate Johnny Isakson, R-Ga., reintroduced legislation to reform Congress’ broken budgeting process and help ensure taxpayer money is used wisely. The Biennial Budgeting and Appropriations Act, S.150, is bipartisan legislation that would convert Congress’ current annual appropriations spending spree to a two-year budget cycle.
The two-year budget cycle would allow one year for appropriating federal dollars and the other year would be devoted to oversight of federal programs, thereby forcing members to become better stewards of taxpayer dollars.
“This commonsense legislation would change the paradigm of Washington’s broken budget system,” said Isakson. “With our national debt surpassing $18 trillion and growing, it is imperative that we rethink the way that we do things in Congress. I have pushed biennial budgeting every year I’ve been in the Senate since 2005 because this new system would increase oversight and reduce spending, making our federal government more efficient and more accountable to taxpayers.”
Isakson is making the biennial budget legislation his first bill of the new Congress in an attempt to tackle one of the biggest problems facing our country — our unsustainable debt.
Isakson’s biennial budgeting proposal was passed in 2013, by a 68-31 vote in the Senate as an amendment to that year’s budget resolution, which is a non-binding blueprint.
The legislation requires the president to submit a two-year budget at the beginning of the first session of a Congress. Members of Congress would then need to adopt a two-year budget resolution, a reconciliation bill if necessary and two-year appropriations bills during that first session. The second session of a Congress would then be devoted to the consideration of authorization bills and oversight of federal programs.
The Isakson legislation has been co-sponsored by 20 senators, including Sen. David Perdue, R-Ga., and 12 other Republicans, 6 Democrats and an Independent.