Identifying and Eliminating Wasteful Programs Act

This bill requires federal agencies to annually identify and eliminate unnecessary programs or activities. Specifically, agency Chief Operating Officers must compile lists within 20 days of the presidential budget submission, flagging programs that are duplicative, defunct, or could be consolidated or administered more effectively by another agency. Agencies must publish these lists in designated program inventories and submit them to relevant congressional committees. The law aims to increase transparency and streamline federal operations through mandatory annual reviews, with OMB providing implementation guidance. It directly affects all federal agencies and their budget processes, without altering funding levels.