Press Release:
Congresswoman Claudia Tenney (NY-24) voted in favor of H.R. 3746, the Fiscal Responsibility Act of 2023. This agreement reins in the Biden administration’s out-of-control spending, protects vital services for our nation’s seniors, veterans, and military personnel, defends small businesses and hardworking families from aggressive IRS overreach, and addresses our nation’s worker shortage. This legislation passed the House by a vote of 314-117.
"The Fiscal Responsibility Act is the single largest deficit reduction package in our nation’s history. It will deliver billions in immediate savings and takes concrete steps to reduce our spending and hold Joe Biden accountable. It is an important part of restoring fiscal responsibility and accountability in Washington,” said Congresswoman Claudia Tenney.
“This bill includes the largest recession of misappropriated funds ever, clawing back billions of dollars from wasteful Democrat programs and returning it to the American people. This bill also freezes non-defense discretionary spending for 2023 and limits future spending to 1% growth, the first time Congress has curbed and capped non-defense discretionary federal spending at this level. The bill also reclaims unspent COVID funds, eliminates funding for Joe Biden’s new army of IRS auditors, zeros out taxpayer funding to China through the Global Health Fund, and implements new work requirements for federal benefits to boost employment and enhance accountability.”
“Joe Biden’s excessive spending and irresponsible policies have put our nation on the brink of an unprecedented economic crisis. By implementing these spending cuts and achieving these important fiscal reforms, we are holding the White House and Senate Democrats accountable. There is much more work to be done, and this legislation marks the start of the process, not the end of it. House Republicans will continue to lead the way to limit out-of-control spending, save taxpayer dollars, reduce taxes, and grow our economy."
Specifically, the Fiscal Responsibility Act will:
- Reduce annual non-defense discretionary spending below Fiscal Year 2023 levels, the first discretionary spending cut in 11 years. Importantly, the bill includes an immediate 11% cut on the woke and weaponized bureaucracy while increasing funds for national defense, veterans, and border security. This amounts to the largest cut in non-defense discretionary funding in history. It also caps the growth of non-defense discretionary federal spending at 1% annually for the next five years;
- Implement the most significant reforms in two decades to SNAP and TANF to boost work requirements for these programs, save taxpayer money, stimulate economic growth, and lift Americans out of poverty;
- Eliminate $400 million from the CDC's "Global Health Fund," which allocates taxpayer funds to China and other programs, making it the largest rescission package in history;
- Establish the first-ever statutory Administrative Pay-Go, ensuring President Biden and all future presidents are finally responsible for the full cost of their executive actions;
- Expedite and reduce costs for energy and infrastructure projects through the first substantial reform to NEPA since 1982;
- Eliminate the funding for new IRS auditors in the total FY24 staffing request;
- End the outrageous three-year COVID-19 halt to student loan payments, resulting in an estimated monthly savings of almost $5 billion for taxpayers;
- Impose a funding cap of 99% for any Continuing Resolution (CR) to compel Congress to finally do its job and ensure a functional appropriations process that includes marking up and passing all required 12 appropriations bills;
- Secure full funding for critical veterans programs and national defense priorities while safeguarding Social Security and Medicare; and
- Reject all of President Biden's proposed $5 trillion in new tax increases, government mandates, and federal programs.
Read the full text of the bill here.
