,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #efeb  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #ah1 #bjad  
,mr4 ,ruiz 7= himself1 ,ms4 ,ku/]1 ,mr4 
,murphy ( ,florida1 ,mr4 ,swalwell (    
,cali=nia1 ,ms4 ,s9ema1 & ,mr4 ,gallego7
 introduc$ ! foll[+ bill2 :i* 0 ref]r$  
to ! ,committee on ,ways & ,means1 & 9  
addition to ! ,committees on ,ov]sight &
 ,gov]nm5t ,re=m & ,f9ancial ,s]vices1 =
 a p]iod to be subsequ5tly det]m9$ by ! 
,speak]1 9 ea* case = consid]ation ( su*
 provisions z fall )9 ! jurisdiction ( !
 committee conc]n$  ,a ,,bill  ,to      
provide = fiscal responsibility by !    
,f$]al ,gov]nm5t ?r\gh ! use (          
acc\ntability laws4  #a4 ,%ort title    
,?is ,act may be cit$ z ! ,fiscal       
,responsibility ,us+ ,gov]nm5t          
,acc\ntability ,laws ,act ( #bjad or !  
,,frugal ,act4  #b4 ,(f%ore ,tax        
,policies ,en=cem5t  7a7 ,det]m9ation ( 
ext5t ( taxpay] compliance 9 report+ on 
=eign acc\nts  7#a7 ,9 g5]al ,n lat] ?an
 #a ye> aft] ! date ( ! enactm5t ( ?is  

,act1 ! ,treasury ,inspector ,g5]al =   
,tax ,adm9i/ration %all--  7,a7 conduct 
an analysis design$ to measure ! ext5t  
to :i* taxpay]s are report+ exi/+ =eign 
acc\nts & circumv5t+ ! #bjjc ,(f%ore    
,volunt>y ,compliance ,initiative1 #bjji
 ,(f%ore ,volunt>y ,disclosure ,program1
 #bjaa ,(f%ore ,volunt>y ,disclosure    
,initiative1 & #bjab ,(f%ore ,volunt>y  
,disclosure ,programs & ! ext5t to :i*  
taxpay]s are prop]ly utiliz+ (f%ore     
volunt>y disclosure initiatives1 &  7,b7
 submit a report to ,congress bas$ on ! 
analysis4  7#b7 ,report ,! report       
requir$ by p>agraph 7#a7 %all--  7,a7   
specify ! ext5t to :i* taxpay]s are     
circumv5t+ (f%ore volunt>y compliance   
initiatives & ! am\nt ( lo/ rev5ue z a  
result ( su* circumv5tion1 &  7,b7      
conta9 su* recomm5dations z ! ,treasury 
,inspector ,g5]al = ,tax ,adm9i/ration  
consid]s is necess>y or appropriate =   
clos+ (f%ore tax loopholes & increas+   
rev5ue collection f (f%ore s\rces4  7b7 
,increase 9 educational outrea* conc]n+ 

taxpay] (f%ore tax obligations  7#a7 ,9 
g5]al ,! ,commission] ( ,int]nal ,rev5ue
 %all--  7,a7 improve t>get+ taxpay]s ) 
(f%ore acc\nts by det]m9+ h[ taxpay]s   
le>n$ ab\t ! (f%ore volunt>y disclosure 
program & t>get+ outrea* ef=ts ab\t     
(f%ore acc\nt report+ requirem5ts to    
rec5t immigrants1 &  7,b7 use data ga9$ 
f (f%ore programs--  7i7 to id5tify     
taxpay]s ) unreport$ =eign acc\nts1 &   
7ii7 to educate populations ( taxpay]s t
 might n be aw>e ( _! tax obligations   
relat$ to (f%ore income fil+            
requirem5ts4  7#b7 ,report ,n lat] ?an  
#a ye> aft] ! date ( ! enactm5t ( ?is   
,act1 ! ,commission] ( ,int]nal ,rev5ue 
%all submit a report to ,congress       
describ+ h[ ! ,int]nal ,rev5ue ,s]vice w
 close (f%ore tax loopholes & conta9+   
recomm5dations = clos+ (f%ore tax       
loopholes & increas+ rev5ue collection f
 (f%ore s\rces4  #c4 ,rev]se auctions 9 
,gov]nm5t contract+  7a7 ,revision (    
,,f> ,n lat] ?an #ahj days aft] ! date (
 ! enactm5t ( ?is ,act1 ! ,f$]al        

,acquisition ,regulation %all be revis$ 
to cl>ify ! provisions relat+ to ! use (
 rev]se auctions by ,f$]al ag5cies4  7b7
 ,guidel9es ,! revisions to ! ,f$]al    
,acquisition ,regulation %all include   
guidel9es = ! mo/ effici5t use ( rev]se 
auctions1 includ+ guidel9es = ensur+ t  
rev]se auctions uphold high quality     
/&>ds & t small bus9esses c cont9ue to  
p>ticipate 9 ! procurem5t process4  7c7 
,rev]se auction def9$ ,9 ?is section1 ! 
t]m rev]se auction1 ) respect to a      
procurem5t by a ,f$]al ag5cy1 means a   
real-"t auction conduct$ ?r\gh an       
electronic m$ium by a gr\p ( (f]ors t   
compete aga9/ ea* o!r by submitt+ bids =
 a contract or a task or deliv]y ord]1 )
 ! ability to submit revis$ bids ?r\gh\t
 ! c\rse ( ! auction1 ) aw>d made to !  
(f]or t submits ! l[e/ bid4  #d4 ,co9   
inv5tory managem5t plan & report  7a7   
,plan requir$ ,n lat] ?an #ahj days aft]
 ! date ( ! enactm5t ( ?is ,act1 ! ,bo>d
 ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em  
%all develop & implem5t a plan to r$uce 

sp5d+ on co9 inv5tory managem5t4  7b7   
,cont5ts ( plan ,! plan requir$ "u      
subsection 7a7 %all--  7#a7 assess      
factors t h increas$ co9 managem5t co/s2
  7#b7 e/abli% a process to sep>ately   
monitor direct & indirect co/s1 includ+ 
support co/s1 ( co9 managem5t2  7#c7    
e/abli% goals & p]=mance metrics relat$ 
to co9 managem5t co/s2 &  7#d7 e/abli% a
 process to sy/ematically track1        
analyze1 & revise =eca/+ models ( co9   
ord]s4  7c7 ,report ,! ,bo>d ( ,gov]nors
 %all submit to ,congress a report on ! 
plan t includes--  7#a7 a timel9e =     
implem5t+ ea* objective ( ! plan2  7#b7 
a description ( ! accuracy ( mon?ly     
=eca/s ( co9 ord]s2 &  7#c7 a           
description ( co/ effective co9         
managem5t practices across ,f$]al res]ve
 banks4