Michael Cloud (R-TX)

DEPOTS Act

H.R. 10046 · House bill Armed Forces and National Security

A Republican bill with 1 Democratic cosponsor · See the cosponsor

Last activity — Referred to the House Committee on Armed Services.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the "DEPOTS Act," allows the Secretary of Defense to clear certain internal financial records. It specifically authorizes the elimination of depreciated costs or the cancellation of internal debts related to depots and arsenals. These actions apply to capital expenditures that no longer bring in revenue because of mission changes directed by the Federal Government. The authority is limited to financial balances within military departments or the Department of Defense. It does not apply to money owed to commercial contractors.

Yes

  • Scored +2

    Does this make the government pay for what it commits to?

    Authorizing the write-off of depreciated costs improves the accuracy and clarity of internal Department of Defense financial reporting.

  • Scored +1

    Does this reduce what the federal government spends?

    The bill allows for the cleanup of internal accounts, which may marginally improve fiscal efficiency within the Department of Defense.

The opposite

No question was scored the opposite.