,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #efeb  ,,in ,,the ,,house ,,of  
,,representatives  ,september #ah1 #bjad
 ,mr4 ,ruiz 7for himself1 ,ms4 ,kuster1 
,mr4 ,murphy of ,florida1 ,mr4 ,swalwell
 of ,california1 ,ms4 ,sinema1 and ,mr4 
,gallego7 introduced the following bill2
 which was referred to the ,committee on
 ,ways and ,means1 and in addition to   
the ,committees on ,oversight and       
,government ,reform and ,financial      
,services1 for a period to be           
subsequently determined by the ,speaker1
 in each case for consideration of such 
provisions as fall within the           
jurisdiction of the committee concerned 
,a ,,bill  ,to provide for fiscal       
responsibility by the ,federal          
,government through the use of          
accountability laws4  #a4 ,short title  
,this ,act may be cited as the ,fiscal  
,responsibility ,using ,government      
,accountability ,laws ,act of #bjad or  
the ,,frugal ,act4  #b4 ,offshore ,tax  
,policies ,enforcement  7a7             

,determination of extent of taxpayer    
compliance in reporting on foreign      
accounts  7#a7 ,in general ,not later   
than #a year after the date of the      
enactment of this ,act1 the ,treasury   
,inspector ,general for ,tax            
,administration shall--  7,a7 conduct an
 analysis designed to measure the extent
 to which taxpayers are reporting       
existing foreign accounts and           
circumventing the #bjjc ,offshore       
,voluntary ,compliance ,initiative1     
#bjji ,offshore ,voluntary ,disclosure  
,program1 #bjaa ,offshore ,voluntary    
,disclosure ,initiative1 and #bjab      
,offshore ,voluntary ,disclosure        
,programs and the extent to which       
taxpayers are properly utilizing        
offshore voluntary disclosure           
initiatives1 and  7,b7 submit a report  
to ,congress based on the analysis4     
7#b7 ,report ,the report required by    
paragraph 7#a7 shall--  7,a7 specify the
 extent to which taxpayers are          
circumventing offshore voluntary        

compliance initiatives and the amount of
 lost revenue as a result of such       
circumvention1 and  7,b7 contain such   
recommendations as the ,treasury        
,inspector ,general for ,tax            
,administration considers is necessary  
or appropriate for closing offshore tax 
loopholes and increasing revenue        
collection from offshore sources4  7b7  
,increase in educational outreach       
concerning taxpayer offshore tax        
obligations  7#a7 ,in general ,the      
,commissioner of ,internal ,revenue     
shall--  7,a7 improve targeting         
taxpayers with offshore accounts by     
determining how taxpayers learned about 
the offshore voluntary disclosure       
program and targeting outreach efforts  
about offshore account reporting        
requirements to recent immigrants1 and  
7,b7 use data gained from offshore      
programs--  7i7 to identify taxpayers   
with unreported foreign accounts1 and   
7ii7 to educate populations of taxpayers
 that might not be aware of their tax   

obligations related to offshore income  
filing requirements4  7#b7 ,report ,not 
later than #a year after the date of the
 enactment of this ,act1 the            
,commissioner of ,internal ,revenue     
shall submit a report to ,congress      
describing how the ,internal ,revenue   
,service will close offshore tax        
loopholes and containing recommendations
 for closing offshore tax loopholes and 
increasing revenue collection from      
offshore sources4  #c4 ,reverse auctions
 in ,government contracting  7a7        
,revision of ,,far ,not later than #ahj 
days after the date of the enactment of 
this ,act1 the ,federal ,acquisition    
,regulation shall be revised to clarify 
the provisions relating to the use of   
reverse auctions by ,federal agencies4  
7b7 ,guidelines ,the revisions to the   
,federal ,acquisition ,regulation shall 
include guidelines for the most         
efficient use of reverse auctions1      
including guidelines for ensuring that  
reverse auctions uphold high quality    

standards and that small businesses can 
continue to participate in the          
procurement process4  7c7 ,reverse      
auction defined ,in this section1 the   
term reverse auction1 with respect to a 
procurement by a ,federal agency1 means 
a real-time auction conducted through an
 electronic medium by a group of        
offerors that compete against each other
 by submitting bids for a contract or a 
task or delivery order1 with the ability
 to submit revised bids throughout the  
course of the auction1 with award made  
to the offeror that submits the lowest  
bid4  #d4 ,coin inventory management    
plan and report  7a7 ,plan required ,not
 later than #ahj days after the date of 
the enactment of this ,act1 the ,board  
of ,governors of the ,federal ,reserve  
,system shall develop and implement a   
plan to reduce spending on coin         
inventory management4  7b7 ,contents of 
plan ,the plan required under subsection
 7a7 shall--  7#a7 assess factors that  
have increased coin management costs2   

7#b7 establish a process to separately  
monitor direct and indirect costs1      
including support costs1 of coin        
management2  7#c7 establish goals and   
performance metrics related to coin     
management costs2 and  7#d7 establish a 
process to systematically track1        
analyze1 and revise forecasting models  
of coin orders4  7c7 ,report ,the ,board
 of ,governors shall submit to ,congress
 a report on the plan that includes--   
7#a7 a timeline for implementing each   
objective of the plan2  7#b7 a          
description of the accuracy of monthly  
forecasts of coin orders2 and  7#c7 a   
description of cost effective coin      
management practices across ,federal    
reserve banks4