HR 1558
Taxpayer Funds Oversight and Accountability Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 13, 2026, 4:12 PM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Taxpayer Funds Oversight and Accountability Act aims to improve financial management across the federal government. It requires the Office of Management and Budget (OMB) to create and maintain a 4-year governmentwide financial management plan, updated annually, addressing strategies for system improvement, workforce development, and performance reporting. The bill also assigns new responsibilities to agency Chief Financial Officers (CFOs), including overseeing internal controls and linking performance and cost information. Finally, it mandates more rigorous audits of agency accounts to ensure effective financial management practices.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Gerald E. Connolly
Cosponsors
Eleanor Holmes [D-DC-At Large] Norton
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