Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Politics

GOP bill takes aim at Congress’ ‘no rules apply’ emergency spending

by June 5, 2025
June 5, 2025
GOP bill takes aim at Congress’ ‘no rules apply’ emergency spending
NEWYou can now listen to Fox News articles!

A House fiscal hawk wants to create a payment plan for congressional emergency spending to create accountability for the ‘no rules apply’ funding stream.

Rep. Marlin Stutzman, R-Ind., is set to introduce the Emergency Spending Accountability Act that would add guardrails to last-minute funding meant for national emergencies, like natural disasters, the COVID-19 pandemic or other spending meant to fill the gaps in the appropriations process.

Stutzman told Fox News Digital that lawmakers will go about the usual budgeting process, passing stopgap spending bills or colossal, omnibus spending packages, but that ‘somewhere in between’ there’s always extra money pushed out the door for emergencies.

‘Whenever there’s an emergency, Congress always overreacts,’ he said. ‘And I believe they pass these big spending bills under the guise of an emergency, national emergency, and spend money that we don’t take into consideration through our budget process.’

He said that when he first came to Washington in 2010, the national debt was $9 trillion. After leaving the House and returning during last year’s election cycle, that number has since ballooned to more than $36 trillion.

And since the early 1990s, more than $12 trillion in emergency spending has added to the ever-growing deficit. The lawmaker said that the money dedicated for emergency use was rarely ever paid back, and he argued that the taxpayer dollars were sometimes not used for actual emergencies.

Stutzman’s legislation, which so far has seven House Republican co-sponsors, would require the federal government to pay off the balance of future emergency spending by 20% each year for five years after an emergency following a green-light from lawmakers to open up the cash flow.

His bill would also stipulate that any emergency spending would have to comport with the criteria laid out by the Balance Budget and Emergency Control Act of 1985, which laid out a five-point roadmap to justify that emergency spending be necessary, sudden, urgent, unforeseen and not permanent.

He understood that there is always a need for emergency spending, giving the examples of the pandemic and of Hurricane Sandy, which blasted through the East Coast more than a decade ago, but he noted there should be offset cuts to account for the spending and better planning on how the taxpayer dollars would be used.

‘Most companies and family budgets, they always have a rainy-day fund or an emergency fund that they can tap into if they need it for unexpected costs and expenses, but that’s not the way Washington works,’ Stutzman said. ‘So that’s the idea.’

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
White House highlights Pelosi hypocrisy after Schiff demands Trump admin financial, ethics docs
next post
Biden only hand-signed one pardon during final spree, and it was his most controversial one

You may also like

Scalise hints GOP may push nationwide crime crackdown...

September 10, 2025

Get to know Donald Trump’s Cabinet: Who has...

November 18, 2024

‘False’: Trump admin rebukes claims intel officials are...

April 3, 2025

Rand Paul endorses Trump 3 months after Election...

February 20, 2025

Trump to address House GOP in his own...

January 27, 2025

Thune threatens International Criminal Court with sanctions if...

November 18, 2024

‘Dangerous’ order by liberal judge to rehire federal...

March 17, 2025

Europeans meet with Iranian officials face-to-face for first...

July 26, 2025

Trump, Congress looking to put suffocating sanctions on...

November 26, 2024

FLASHBACK: Unearthed photo shows smiling Obama touring SpaceX...

April 3, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • Trump’s Kennedy Center Honors overhaul delivers star-studded lineup, new medallion and historic hosting role

      December 7, 2025
    • Judge rules evidence linked to James Comey’s ally is off limits to DOJ

      December 7, 2025
    • Kelsey Grammer calls Trump ‘one of the greatest presidents we’ve ever had’ at Kennedy Center Honors

      December 7, 2025
    • Rosie O’Donnell’s Trump obsession continues unabated from Ireland as friends beg her to ‘disconnect’

      December 7, 2025
    • DAVID MARCUS: Trump’s aggression toward Venezuela a warning to Putin

      December 6, 2025
    • Teenage cancer patient’s final fight becomes law as House passes landmark pediatric bill

      December 6, 2025

    Categories

    • Business (837)
    • Investing (661)
    • Politics (6,535)
    • World News (3,213)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 WhaleLargeCapital.com | All Rights Reserved