S 75
Improving Federal Financial Management Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 7:43 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Improving Federal Financial Management Act aims to strengthen how the federal government manages its finances. It requires the Office of Management and Budget (OMB) to create and maintain a four-year governmentwide financial management plan, outlining strategies for improving systems, workforce, and reporting. The bill also assigns new responsibilities to agency Chief Financial Officers (CFOs), including implementing the OMB plan and preparing annual reports on progress. Finally, it mandates enhanced audits of agency accounts to ensure the effectiveness of internal controls.
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