A bill to amend the District of Columbia Home Rule Act to provide the District of Columbia with autonomy over its budgets, and for other purposes.

This bill, introduced by Senator Susan Collins in 2005, seeks to grant the District of Columbia greater control over its own local finances by removing the requirement for Congress to approve the city’s annual budget. Under this proposal, the D.C. Council could enact its budget independently, except during "control years" when a financial oversight board is active.

For residents of the District, this change would mean that local tax dollars could be spent on city services and programs without waiting for federal legislative action, potentially avoiding delays caused by congressional gridlock. Additionally, the bill would restructure the city’s financial leadership by making the Chief Financial Officer more independent, requiring fiscal impact statements for new local laws to ensure long-term financial stability.