Skip to main content
S 1130 104th Congress Senate Government Operations and Politics Accounting Administration of justice Administrative responsibility Auditing Commerce Computers and government Congress Congressional agencies Congressional investigations Congressional officers Congressional reporting requirements Disciplining of employees Dismissal of employees Economics and Public Finance Federal budgets Federal employees Federal officials Finance and Financial Sector Financial statements

Accounting Standardization Act of 1995

Introduced: August 8, 1995 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 12 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 6, 1996
Referred to the Subcommittee on Government Management, Information and Technology.
Sep 4, 1996
Referred to the House Committee on Government Reform and Oversight.
Sep 4, 1996
Message on Senate action sent to the House.
Sep 4, 1996
Received in the House.
Aug 2, 1996
Passed Senate with an amendment by Unanimous Consent. (consideration: CR S9666-9668)
Aug 2, 1996
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.(consideration: CR S9666-9668)
Jul 30, 1996
Placed on Senate Legislative Calendar under General Orders. Calendar No. 548.
Jul 30, 1996
Committee on Governmental Affairs. Reported to Senate by Senator Stevens with an amendment in the nature of a substitute. With written report No. 104-339.
May 16, 1996
Committee on Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Aug 8, 1995
Read twice and referred to the Committee on Governmental Affairs.
Aug 8, 1995
Sponsor introductory remarks on measure. (CR S11812-11813)
Aug 8, 1995
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Federal Financial Management Improvement Act of 1996 - Requires each Federal agency to: (1) implement and maintain financial management systems that comply with Federal requirements, Federal accounting standards, and the U.S. Government Standard General Ledger at the transaction level; and (2) give priority in funding and provide sufficient resources to implement this Act. Requires: (1) audit reporting of whether an agency's financial management systems comply with requirements; (2) compliance determination by the Director of the Office of Management and Budget (OMB), acting through the Controller of the Office of Federal Financial Management; and (3) if there is noncompliance with the standards, a remediation plan. Sets forth a limitation on the time period for bringing the agency's financial management systems into compliance.

Allows the transfer of up to two percent of agency funds for priority financial management system improvements for an agency with a remediation plan.

Requires a report by the Director of OMB if an agency fails to bring its financial management systems into compliance within the specified time period.

Directs the: (1) Secretary of the Senate and the Clerk of the House, jointly, to study and submit a report to the Congress on how the Congress and the legislative branch may achieve compliance; and (2) Chief Justice of the United States to study and submit a report to the Congress on how the judiciary may achieve such compliance.

Sets forth: (1) reporting requirements; (2) conforming amendments; (3) definitions; and (4) the effective date.

What's happening now September 6, 1996

Referred to the Subcommittee on Government Management, Information and Technology.

 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Feb 9, 1996
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1130: Federal Financial Management Improvement Act of 1996. 104th Congress. Open America. https://openamerica.io/bill/104-S-1130/
MLA
"S. 1130: Federal Financial Management Improvement Act of 1996." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-S-1130/.
Bluebook (legal)
S. 1130, 104th Cong. (2026), https://openamerica.io/bill/104-S-1130/.
Markdown link
[S. 1130: Federal Financial Management Improvement Act of 1996](https://openamerica.io/bill/104-S-1130/)
Report a problem