3.0.0 8340 2026-06-04T01:38:47Z 2026-06-04T01:38:47Z House H HR 2026-04-16 119 https://www.congress.gov/bill/119th-congress/house-bill/8340 [Congressional Record Volume 172, Number 67 (Thursday, April 16, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MIN:H.R. 8340.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18.[Page H2961]]]> hsgo00 Oversight and Government Reform Committee House Standing Markup By 2026-04-29T13:07:25Z Referred To 2026-04-16T14:02:20Z 119 1558 HR 2025-09-15 ASSUMING FIRST SPONSORSHIP - Mr. Min asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 1558, a bill originally introduced by Representative Connolly, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection. 19:04:33 Related bill CRS 2026-04-29 hsgo00 Oversight and Government Reform Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 40 - 0. Committee 2026-04-29 hsgo00 Oversight and Government Reform Committee 1 House committee actions Committee Consideration and Mark-up Session Held Committee 2026-04-16 Referred to the House Committee on Oversight and Government Reform. IntroReferral H11100 2 House floor actions hsgo00 Oversight and Government Reform Committee 2026-04-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2026-04-16 Introduced in House IntroReferral 1000 9 Library of Congress M001241 Rep. Min, Dave [D-CA-47] Dave Min D CA 47 N T000480 Rep. Timmons, William R. [R-SC-4] William Timmons R SC R. 4 2026-04-16 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] Eleanor Norton D DC Holmes 0 2026-04-21 False S000250 Rep. Sessions, Pete [R-TX-17] Pete Sessions R TX 17 2026-04-21 False Government Operations and Politics Accounting and auditing 2026-05-08T17:16:53Z Budget process 2026-05-08T17:16:53Z Congressional oversight 2026-05-08T17:16:53Z Executive agency funding and structure 2026-05-08T17:16:53Z Federal officials 2026-05-08T17:16:53Z Performance measurement 2026-05-08T17:16:53Z Government Operations and Politics 2026-04-28T16:15:20Z

00 2026-04-16 Introduced in House 2026-06-04T01:38:41Z Taxpayer Funds Oversight and Accountability Act
 
This bill requires the Office of Management and Budget (OMB) to take certain actions to improve financial management systems across the federal government and expands the responsibilities of federal agency Chief Financial Officers (CFOs).
 
The bill requires OMB to submit a four-year governmentwide financial management plan to Congress within 12 months of enactment and thereafter with the budget submitted in the first full fiscal year following the start of a presidential term. Such plans must address certain topics, including strategies for (1) improving financial management systems; (2) strengthening the financial management workforce; and (3) reporting performance and cost information. OMB must annually submit related status reports to Congress and the Government Accountability Office (GAO). 
 
Each agency CFO is assigned new responsibilities, including

• preparing the agency plan to implement OMB's governmentwide financial management plan;
• overseeing and, unless otherwise specified in law, providing leadership in the areas of budget formulation and execution, planning and performance, risk management, internal controls, financial systems, accounting, and other areas designated by OMB;
• coordinating with relevant senior agency personnel on the strategic planning, performance measurement and reporting, and risk management functions of the agency;
• managing the formulation and financial execution of the agency budget;
• coordinating with the responsible agency official to ensure performance and cost information are linked; and
• preparing annual reports on progress in implementing the governmentwide financial management plan and transmitting such reports to the agency head, OMB, GAO, and Congress.

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Display Title 45 2026-04-22T03:38:22Z Short Title(s) as Introduced 101 2026-04-22T03:38:21Z Introduced in House IH Official Title as Introduced 6 2026-04-22T03:33:24Z Introduced in House IH Introduced in House 2026-04-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119hr8340ih/xml/BILLS-119hr8340ih.xml 2026-04-29 Ordered to be Reported (Amended) by the Yeas and Nays: 40 - 0. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.