Sens. Rand Paul (R-KY), Bernie Sanders (I-VT), and Chuck Grassley (R-IA) proposed the Audit the Pentagon Act of 2023, which would require the Pentagon to pass a full, independent audit in fiscal year 2024. The legislation would also require any DOD component that fails to complete the audit to return one percent of its budget to the Treasury.
Paul said in a written statement:
Accountability and transparency are the bedrock of responsible democracy. No institution is above scrutiny, especially the Department of Defense which has the largest budget of any federal agency and is charged with carrying out the greatest constitutional responsibility. We need to ensure that our defense spending is accurate, accountable, and in the best interest of American Taxpayers.
The Pentagon received backlash earlier this year when it failed an audit for the fifth time and was unable to account for 61 percent of its $3.5 trillion in assets. The House Oversight Committee said in March that it would launch an investigation into the DOD’s failure to complete a full audit.