S. 2688 · 108th Congress
Executive Branch Financial Accountability Reporting Act of 2004
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Passed the Senate without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 108th Congress ended.
R
FitzgeraldSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- Senate Introduced Jul 19, 2004
- Senate Passed Oct 11, 2004
Executive Branch Financial Accountability Reporting Act of 2004 - Instructs the Director of the Office of Management and Budget (OMB) to list for certain congressional committees: (1) each Federal entity that receives an exemption or waiver from the statutory requirement for an annually audited financial statement; and (2) other Federal entities, including…
What it does: CRS summary · Passed Senate amended · Oct 11, 2004
Executive Branch Financial Accountability Reporting Act of 2004 - Instructs the Director of the Office of Management and Budget (OMB) to list for certain congressional committees: (1) each Federal entity that receives an exemption or waiver from the statutory requirement for an annually audited financial statement; and (2) other Federal entities, including special purpose entities, that do not prepare independently audited annual financial statements.
Requires the OMB report to include assessments of: (1) the capability of the listed entities to prepare annual financial statements and have them independently audited; (2) how to reduce the costs of preparing the financial statements and performing independent audits; and (3) the benefits of improved financial oversight encompassing the executive branch, including the feasibility of preparing annual financial statements and independently audited statements for certain executive branch entities.
Authorizes appropriations.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Executive Branch Financial Accountability Reporting Act of 2004
Latest action (Nov 16, 2004): Referred to the House Committee on Government Reform.
Policy area: Government Operations and Politics · Origin: Senate · Introduced: Jul 19, 2004
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- Senate Introduced Jul 19, 2004
- Senate Passed Oct 11, 2004
No recorded floor vote found.