FRUGAL Act

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 18 September 2014

   Introduced

   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.

   Source: IntroReferral

2. 18 September 2014

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 September 2014

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 18 September 2014 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 18 September 2014

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 18 September 2014

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 18 September 2014

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Ruiz, Raul [D-CA-25] · D · Sponsor
• Rep. Kuster, Ann M. [D-NH-2] · D · Sponsor
• Rep. Murphy, Patrick [D-FL-18] · D · Sponsor
• Rep. Swalwell, Eric [D-CA-15] · D · Sponsor
• Sen. Sinema, Kyrsten [I-AZ] · D · Sponsor
• Rep. Gallego, Pete P. [D-TX-23] · D · Sponsor
• · hsba00 · Standing
• · hsgo00 · Standing
• · hswm00 · Standing

Related records

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