S. 75In Committee
Improving Federal Financial Management Act
Require OMB and agency chief financial officers to carry out governmentwide financial management planning, reporting, and stronger federal financial control oversight
Plain-English overview
What this bill does
Require OMB and agency chief financial officers to carry out governmentwide financial management planning, reporting, and stronger federal financial control oversight
Key points
- Amend agency audit requirements
- Require OMB financial management plans
- Expand agency CFO responsibilities
Current status
Where it stands
Status
In Committee
Latest action
2025-01-13 — Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Related context
Topics and policy areas
undefinedAccounting and auditingBudget processCongressional oversightExecutive agency funding and structureFederal officialsGovernment Operations and PoliticsPerformance measurement