(a)
In general— No funds made available after the date of enactment of this Act to any Executive agency through an earmark may be obligated or expended by that agency, and any such funds are rescinded effective on the date the funds are so made available.
(b)
Executive agency identification of earmarks and report—
(1)
Agency identification— The head of each Executive agency shall submit to the Director of the Office of Management and Budget an annual report that identifies each earmark for a project of the agency that is ineligible for funding under subsection (a).
(2)
Annual report— The Director of the Office of Management and Budget shall submit to Congress, and publish on the Office’s public website, an annual report on earmarks that includes—
(A)
a listing and accounting for earmarks identified under paragraph (1); and
(B)
the annual savings resulting from this section for the previous fiscal year.
(c)
Definitions— In this section:
(2)
Earmark— The term “earmark” means a provision or report language included primarily at the request of a Member of Congress providing, authorizing, or recommending a specific amount of discretionary budget authority, credit authority, or other spending authority for a contract, loan, loan guarantee, grant, loan authority, or other expenditure with or to an entity, or targeted to a specific State, locality or congressional district, other than through a statutory or administrative formula-driven or competitive award process.