'America's Checkbook' Would Open the Ledger on Federal Expenditures From Pencils to the Pentagon

'America's Checkbook' would open the ledger on federal expenditures from pencils to the Pentagon

The Treasury would be required to track every expenditure of the federal government under the newest congressional effort toward government efficiency.The LEDGER Act, nicknamed "America’s Checkbook," is based off two successful efforts in Ohio and Florida where efforts to publicize individual government expenditures have been successful.Reps. Michael Rulli, R-Ohio, and Michael Haridopolos, R-Fla., seek to require Treasury Secretary Scott Bessent…

Financial News Network - 'America's Checkbook' would open the ledger on federal expenditures from pencils to the Pentagon

GOP lawmakers introduce the LEDGER Act to create 'America's Checkbook,' requiring tracking of federal spending after $4.7 trillion in uncoded Treasury disbursementsRead More …

Haridopolos, Scott Introduce Bill Improving Federal Spending Transparency

Representative Mike Haridopolos (R-FL) and Senator Rick Scott (R-FL) are introducing legislation to improve transparency in federal spending. Named the Locating Every Disbursement in Government Expenditure Records (LEDGER) Act, Rep. Haridopolos's bill requires the Department of the Treasury to establish a standardized system of tracking all purchases and payments made by the federal government down to the date, amount, recipient, purpose, and au…