119th Congress · introduced in the House · Apr 16, 2026
Taxpayer Funds Oversight and Accountability Act
Official title from Congress.gov
Latest action (Jun 11, 2026): Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
View on Congress.govPolicy area: Government Operations and Politics
Congressional Research Service summary, version: Introduced in House (Apr 16, 2026)
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;
Show the full summary (4 more paragraphs)Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Considered as unfinished business. (consideration: CR H4079)
At 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.
DEBATE - The House proceeded with forty minutes of debate on H.R. 8340.
Considered under suspension of the rules. (consideration: CR H3931-3933; text: CR H3931-3932)
Mr. Gill (TX) moved to suspend the rules and pass the bill, as amended.
Ordered to be Reported (Amended) by the Yeas and Nays: 40 - 0.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Oversight and Government Reform.
Introduced in House
Introduced in House
Actions from Congress.gov, newest first.
Accounting and auditing · Budget process · Congressional oversight · Executive agency funding and structure · Federal officials · Performance measurement
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCoverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 23, 2026.
3 citations.
NATIONAL TAXPAYERS UNION · lobbying firm or registrant: NATIONAL TAXPAYERS UNION
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 21, 2026 · issue area: Government Issues
$30,000
Spent on own lobbying
…nefits Improperly Expended (ZOMBIE) Act HR 8428Federal Fraud Prevention Workforce Training Act Taxpayer Resources Used in Emergencies (TRUE) Accountability Act HR 8340Taxpayer Funds Oversight and Accountability Act HR 1755Timely and Accurate Benefits Act Social Security Administration operations HR 9237Take Care of America's…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
RSM US LLP · lobbying firm or registrant: RSM US LLP (FORMERLY KNOWN AS MCGLADREY LLP)
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 19, 2026 · issue area: Accounting
$150,000
Spent on own lobbying
…467) (Palmer) Taxpayer Resources Used in Emergencies (TRUE) Accountability Act (H.R. 8466) (Biggs-Subramanyam) Taxpayer Funds Oversight and Accountability Act (H.R. 8340) (Min-Timmons) (formerly H.R. 1558; Connolly) Government Audit and Accountability of Federally Funded State-Administered Programs Act (H.R. 8107) (Khanna-Burch…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL COUNCIL OF NONPROFITS (FORMERLY KNOWN AS THE NATIONAL COUNCIL OF NONPRO · lobbying firm or registrant: NATIONAL COUNCIL OF NONPROFITS (FORMERLY KNOWN AS THE NATIONAL COUNCIL OF NONPRO
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 17, 2026 · issue area: Government Issues
$95,510
Spent on own lobbying
…Expended (ZOMBIE) Act H.R. 8428 - Federal Fraud Prevention Workforce Training Act H.R. 8466 - Taxpayer Resources Used in Emergencies (TRUE) Accountability Act H.R. 8340 - Taxpayer Funds Oversight and Accountability Act H.R. 8107 - Government Audit and Accountability of Federally Funded State-Administered Programs Act Grants an…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing