Taxpayer Funds Oversight and Accountability Act
Introduced Apr 16, 2026 by Rep. Dave Min
The House passed it. The Senate has to pass it before it can reach the President.
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
Read the full summary on Congress.govSummary by the Congressional Research Service.
No recorded roll-call vote on this bill — it may have passed by voice vote or unanimous consent, which don't record individual votes.
- Jun 11, 2026Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- Jun 10, 2026Motion to reconsider laid on the table Agreed to without objection.
- Jun 10, 2026On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- Jun 10, 2026Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- Jun 10, 2026Considered as unfinished business. (consideration: CR H4079)
- Jun 8, 2026At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Gill (TX) objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was considered as withdrawn.
- Jun 8, 2026DEBATE - The House proceeded with forty minutes of debate on H.R. 8340.
- Jun 8, 2026Considered under suspension of the rules. (consideration: CR H3931-3933; text: CR H3931-3932)
- Jun 8, 2026Mr. Gill (TX) moved to suspend the rules and pass the bill, as amended.
- Apr 29, 2026Ordered to be Reported (Amended) by the Yeas and Nays: 40 - 0.
- Apr 29, 2026Committee Consideration and Mark-up Session Held
- Apr 16, 2026Referred to the House Committee on Oversight and Government Reform.
- Apr 16, 2026Introduced in House