End-of-Year Fiscal Responsibility Act

S. 4059, the End-of-Year Fiscal Responsibility Act, would establish spending requirements for executive branch agencies during the final two months of each fiscal year. Under the bill, federal agencies would be prohibited from obligating discretionary funds during this period at rates exceeding their average monthly spending from the preceding ten months. This is intended to prevent the common practice of agencies rapidly spending remaining budgets near year-end. The bill would also require agencies to submit detailed reports to Congress within 60 days after each fiscal year ends, listing all discretionary spending obligations made during the final two-month period, with these reports posted on publicly available websites for transparency. If enacted, the bill could affect how federal agencies manage their budgets and may slow spending in the final months of fiscal years.