Section 1 Short title
This Act may be cited as the “USDA Spending Accountability Act of 2023”.
USDA Spending Accountability Act of 2023
A BILL
To amend the Commodity Credit Corporation Charter Act to require specific congressional authorization for use of the Commodity Credit Corporation, and for other purposes.
Sec. 2 Specific authorization required for use of Commodity Credit Corporation
Section 5 of the Commodity Credit Corporation Charter Act (15 U.S.C. 714c) is amended to read as follows:
“5. Specific authorization required for use of general powers
“(a) In general—In the fulfillment of the purposes of the Corporation and in carrying out the annual budget programs of the Corporation submitted to and approved by Congress pursuant to chapter 91 of title 31, United States Code, the Corporation may use the general powers and funds of the Corporation only to carry out such operations as Congress may specifically authorize or provide for.
“(b) Reimbursement required—If on or after the date of enactment of the USDA Spending Accountability Act of 2023, the Corporation, the Department of Agriculture, or the Secretary holds or transfers any unobligated funds of the Corporation that are designated for carrying out, or committed to carry out, operations that Congress has not specifically authorized or provided for—
“(1) the Corporation or the Secretary shall transfer those unobligated funds to the Secretary of the Treasury for deposit in the general fund of the Treasury; and
“(2) those amounts shall be permanently rescinded.”
Sec. 3 Exception to borrowing authority
Section 4(i) of the Commodity Credit Corporation Charter Act (15 U.S.C. 714b(i)) is amended by adding at the end the following: “The Corporation may not borrow money pursuant to this subsection to reimburse the Corporation for, or carry out, any operations that Congress has not specifically authorized or provided for.”.