HR 8340 · 119th CongressPassed Housecongress.gov ↗

Taxpayer Funds Oversight and Accountability Act

Road to The Floor

How it works

Introduced

In Committee

On The Floor

Passed a Chamber

Passed Congress

To President

Became Law

What this bill does

AI plain-language summary

This bill requires the Office of Management and Budget to create a four-year plan for improving how the federal government manages its money and to submit that plan to Congress, along with yearly progress updates. It also gives Chief Financial Officers at federal agencies more responsibilities, including putting the governmentwide plan into action at their agencies, overseeing budgets and financial systems, managing risks, and reporting on their progress to agency leaders, Congress, and government watchdogs.

Introduced

April 16, 2026

Policy Area

Government Operations and Politics

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