Foxx Introduces Spending Safeguards Act
Washington, December 16, 2021
WASHINGTON, D.C. – Today, Representative Virginia Foxx (R-NC) issued the following statement after introducing her bill, the Spending Safeguards Act:
“Mandatory spending programs are the overflowing sinks that have bedeviled Congress for far too long. Two-thirds of all federal spending is allocated to these programs – with opportunities to curb exceeded cost estimates being few and far between. By tightening Congress’ budgetary belt, opportunities to curb wasteful spending will come to fruition and taxpayer dollars will remain protected.
“That’s why I have introduced the Spending Safeguards Act, legislation that restores congressional control over mandatory spending increases by establishing program-specific caps for new or reauthorized programs. It’s time for Congress’ rose-colored spending glasses to be removed so that a clear-eyed view of commonsense budgetary reforms can flourish. Hardworking taxpayers demand it, and Congress must act.”