1. Short title This Act may be cited as the Government Spending Oversight Act of 2024 . 2. Government Spending Oversight Committee (a) In general Section 424 of title 5, United States Code, is amended by adding at the end the following: (f) Government Spending Oversight Committee (1) Definitions In this subsection: (A) Agency The term agency has the meaning given the term in section 551. (B) Appropriate congressional committees The term appropriate congressional committees means— (i) the Committees on Appropriations of the Senate and the House of Representatives; (ii) the Committee on Homeland Security and Governmental Affairs of the Senate; (iii) the Committee on Oversight and Accountability of the House of Representatives; and (iv) any other relevant congressional committee of jurisdiction. (C) Chairperson The term Chairperson means the Chairperson of the Committee. (D) Committee The term Committee means the Government Spending Oversight Committee established under paragraph (2). (E) Covered funds The term covered funds means any funds, including loans, that are made available in any form to any non-Federal entity or individual, under— (i) the CARES Act ( Public Law 116–136 ); (ii) the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 ( Public Law 116–123 ); (iii) the Families First Coronavirus Response Act ( Public Law 116–127 ); (iv) the Paycheck Protection Program and Health Care Enhancement Act ( Public Law 116–139 ); (v) division M or N of the Consolidated Appropriations Act, 2021 ( Public Law 116–260 ); (vi) the American Rescue Plan Act of 2021 ( Public Law 117–2 ); (vii) any loan guaranteed or made by the Small Business Administration, including any direct loan or guarantee of a trust certificate, under the Small Business Act ( 15 U.S.C. 631 et seq. ), the Small Business Investment Act of 1958 ( 15 U.S.C. 661 et seq. ), or any other provision of law; (viii) unemployment compensation (as defined in section 85 of the Internal Revenue Code of 1986)