Taxpayer Funds Oversight and Accountability Act
Introduced
Moved
Reached a final decision
Introduced 2026-04-16
Derived from the official record below.
Officially: “Taxpayer Funds Oversight and Accountability Act” Read the full text
Government Operations and Politics
What it does
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) im
Summary by the Congressional Research Service, from the official record. Plain-language AI rewrite coming. Not legal advice.
Where it is
Introduced · 2026-04-16
In the House.
Passed the House · 2026-06-10
Senate floor vote · next
Official documents
The on-site text is shown verbatim from the GovInfo publication, captured 2026-07-23. The same version at GovInfo.
The numbers
29%
of bills that passed one chamber became law in the 118th Congress, 2023 to 2024 (n=939)
4
sponsors, out of 218 needed to pass
Who is lobbying on this
NATIONAL COUNCIL OF NONPROFITS (FORMERLY KNOWN AS THE NATIONAL COUNCIL OF NONPROvia NATIONAL COUNCIL OF NONPROFITS (FORMERLY KNOWN AS THE NATIONAL COUNCIL OF NONPRO
1 filingRSM US LLP (FORMERLY KNOWN AS MCGLADREY LLP)via RSM US LLP (FORMERLY KNOWN AS MCGLADREY LLP)
1 filingFrom 2 filings in federal lobbying disclosures (LDA), via lda.gov, naming this bill (2026). Filings are self-reported by lobbying firms and show who is paid to influence this bill. They do not say which side, or whether it worked.
Every fact on this page links to its source, starting with the official bill record. Last action: Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (2026-06-11).