This bill requires federal agencies to submit zero-based budgets to the Office of Management and Budget and the congressional budget committees. Under the bill, a zero-based budget is a systematic budget analysis in which managers (1) examine current objectives, operations, and costs; (2) consider alternative ways of carrying out programs or activities; and (3) rank different programs or activities by order of importance.
The bill also requires federal agencies to submit recommendations to reduce spending by at least 2% from the previous year's levels. The Department of Defense and the National Nuclear Security Administration are exempt from this requirement.
Introduced in Senate
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
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