HR 1558 · introduced · major

Taxpayer Funds Oversight and Accountability Act

What this bill does

This bill requires the Office of Management and Budget to create a four-year plan for improving federal financial management systems and reporting.
Federal agency Chief Financial Officers must implement the plan and report annually on progress to Congress and the Government Accountability Office.
Agencies must strengthen financial management practices, workforce, and internal controls within their existing budget structures.

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Community Threads

Started by Cosponsor

01
How would strengthening federal financial management systems reduce taxpayer waste, and what metrics would measure success over the four-year plan?
02
Which federal agencies currently struggle most with financial management, and what specific barriers prevent them from improving without additional funding?
03
What trade-offs might agencies face when improving financial controls and workforce capacity within existing budgets rather than receiving new resources?

Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · D-VA-11

Gerald E. Connolly

Citizen cosponsors

In Congress

18/ 435

House Reps cosponsoring

Introduced 2025-09-15

Joining the bill

+ 6 more

Legislative timeline

2025-09-15 · house · Floor
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.
2025-02-25 · house · IntroReferral
Referred to the House Committee on Oversight and Government Reform.
2025-02-25 · IntroReferral
Introduced in House
2025-02-25 · IntroReferral
Introduced in House

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