119th Congress Government Operations and Politics
H.R. 8340: Taxpayer Funds Oversight and Accountability Act
Passed House
- Introduced (completed)
- Passed House (completed)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
Taxpayer Funds Oversight and Accountability Act
This bill requires the Office of Management and Budget (OMB) to take certain actions to improve financial management systems across the federal government and expands the responsibilities of federal agency Chief Financial Officers (CFOs).
The bill requires OMB to submit a four-year governmentwide financial management plan to Congress within 12 months of enactment and thereafter with the budget submitted in the first full fiscal year following the start of a presidential term. Such plans must address certain topics, including strategies for (1) improving financial management systems; (2) strengthening the financial management workforce; and (3) reporting performance and cost information. OMB must annually submit related status reports to Congress and the Government Accountability Office (GAO).
Read the full summary
Each agency CFO is assigned new responsibilities, including
- preparing the agency plan to implement OMB's governmentwide financial management plan;
- overseeing and, unless otherwise specified in law, providing leadership in the areas of budget formulation and execution, planning and performance, risk management, internal controls, financial systems, accounting, and other areas designated by OMB;
- coordinating with relevant senior agency personnel on the strategic planning, performance measurement and reporting, and risk management functions of the agency;
- managing the formulation and financial execution of the agency budget;
- coordinating with the responsible agency official to ensure performance and cost information are linked; and
- preparing annual reports on progress in implementing the governmentwide financial management plan and transmitting such reports to the agency head, OMB, GAO, and Congress.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- William Timmons R-SCOriginal
- Eleanor Norton D-DC
- Pete Sessions R-TX
Who scored on this bill
- 1Dave Min SponsorDrew cross-party cosponsors, introduced, marked up, passed House4 events+48
- 2Eleanor NortonCosponsored; cosponsored bill passed2 events+4
- 2Pete SessionsCosponsored; cosponsored bill passed2 events+4
- 2William TimmonsCosponsored; cosponsored bill passed2 events+4
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Dave Min
History
- Passed the House by voice vote.
- Introduced in the House by Dave Min.
Show the full action history (13 actions)
- Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- Considered as unfinished business. (consideration: CR H4079)
- Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- Motion to reconsider laid on the table Agreed to without objection.
- Mr. Gill (TX) moved to suspend the rules and pass the bill, as amended.
- Considered under suspension of the rules. (consideration: CR H3931-3933; text: CR H3931-3932)
- DEBATE - The House proceeded with forty minutes of debate on H.R. 8340.
- At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Gill (TX) objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was considered as withdrawn.
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 40 - 0.
- Introduced in House
- Referred to the House Committee on Oversight and Government Reform.