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119-hr-8340Committee
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Taxpayer Funds Oversight and Accountability Act

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Summary

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The Taxpayer Funds Oversight and Accountability Act modifies federal financial management requirements by establishing a 4-year (instead of 5-year) governmentwide financial management plan and expanding the duties of agency Chief Financial Officers. The bill requires CFOs to oversee internal controls, prepare agency-specific implementation plans, and coordinate financial and performance information across agencies. It also mandates that financial management plans include metrics for assessing agency performance and be made publicly available, along with expanded reporting requirements to Congress and the Comptroller General.

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Bill details

Congress
119
Bill type
hr
Introduced
April 16, 2026
Sponsor
Dave MinDCA
Cosponsors
3
Last action
June 11, 2026— Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

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