House Republicans introduce new rules to help cut spending and increase transparency

Republicans introduced their planned revisions to House rules, including a controversial and potentially significant new tool for deficit reduction. As written, the “lockbox provision” would create a mechanism for setting aside spending cuts made to appropriations bills on the House floor. The rule would require such cuts to be dedicated to a “spending reduction account” and could not be used to fund other programs.  In addition, the new rules would offer greater transparency into the work of the House and its committees by requiring that bills be publicly available on the Internet for 72 hours prior to a vote, calling for Web-casting of most committee proceedings, and limiting how former members lobby their colleagues.

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