HR. 8340In Committee
Taxpayer Funds Oversight and Accountability Act
Require OMB and agency chief financial officers to carry out governmentwide financial management planning, reporting, and oversight across federal agencies
Plain-English overview
What this bill does
Require OMB and agency chief financial officers to carry out governmentwide financial management planning, reporting, and oversight across federal agencies
Key points
- Require OMB financial management plans
- Require annual status reports
- Expand agency CFO responsibilities
Current status
Where it stands
Status
In Committee
Latest action
2026-06-11 — Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Related context
Topics and policy areas
undefinedAccounting and auditingBudget processCongressional oversightEconomics and Public FinanceExecutive agency funding and structureFederal officialsGovernment Operations and Politics