HR. 1558Introduced
Taxpayer Funds Oversight and Accountability Act
Require OMB to issue recurring governmentwide financial management plans and expand agency Chief Financial Officers' duties and audit oversight for federal financial systems
Plain-English overview
What this bill does
Require OMB to issue recurring governmentwide financial management plans and expand agency Chief Financial Officers' duties and audit oversight for federal financial systems
Key points
- Amend agency audit requirements
- Require OMB financial management plans
- Expand agency CFO responsibilities
Current status
Where it stands
Status
Introduced
Latest action
2025-09-15 — ASSUMING FIRST SPONSORSHIP - Mr. Min asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 1558, a bill originally introduced by Representative Connolly, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
Related context
Topics and policy areas
undefinedAccounting and auditingBudget processCongressional oversightExecutive agency funding and structureFederal officialsGovernment Operations and PoliticsPerformance measurement