HR 8340
Taxpayer Funds Oversight and Accountability Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 1:19 AM
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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 within the U.S. government. It modifies the governmentwide financial management plan to prioritize a 4-year plan over a 5-year plan and emphasizes the importance of performance and cost information. The bill also strengthens the role of Chief Financial Officers in overseeing agency finances, requiring them to focus on budget formulation, risk management, and internal controls, and mandates regular reporting on financial status and agency performance.
Sponsors
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Primary sponsor
Cosponsors
Eleanor Holmes [D-DC-At Large] Norton
William R. Timmons
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