H.R.8340

Taxpayer Funds Oversight and Accountability Act

Chamber Passed·6/11/26

The Taxpayer Funds Oversight and Accountability Act modifies the governmentwide financial management plan.

The Taxpayer Funds Oversight and Accountability Act modifies the governmentwide financial management plan to be a 4-year plan instead of a 5-year plan. It requires the Director of the Office of Management and Budget to submit a financial management status report to Congress and the Comptroller General each year. The bill also revises the duties of agency Chief Financial Officers and Deputy Chief Financial Officers, including requiring coordination with other senior agency officials.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Last
Passed the House · Jun 11
Current
Homeland Security And Governmental Affairs Committee
Next
Senate floor vote

Sponsors

Democratic CaucusRepublican Caucus

Calendar

Apr 29

10:00 AM

House Committee on Oversight and Government Reform Hearing

History

Jun 11

Senate

Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Jun 10

House

Considered as unfinished business. (consideration: CR H4079)

Jun 10

House

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.