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S 1287 111th Congress Senate Armed Forces and National Security Accounting and auditing Budget process Congressional oversight Defense spending Department of Defense Executive agency funding and structure Military facilities and property

Department of Defense Financial Accountability Act of 2009

Introduced: June 18, 2009 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 18, 2009
Read twice and referred to the Committee on Armed Services. (text of measure as introduced: CR S6808-6809)
Jun 18, 2009
Sponsor introductory remarks on measure. (CR S6807-6808)
Jun 18, 2009
Introduced in Senate
 Plain-English summary Congressional Research Service

Department of Defense Financial Accountability Act of 2009 - Requires annual audits of the financial statements of the: (1) Department of Defense (DOD); (2) Department of the Army; (3) Department of the Navy; (4) Department of the Air Force; and (5) Defense Logistics Agency. Sets forth deadlines concerning the completion of such audits and the validation of such financial statements as ready for audit.

Requires validation of the financial statements of the Departments of the Army, Navy, and Air Force and the Defense Logistics Agency as ready for audit by specified deadlines with respect to: (1) military equipment; (2) real property; (3) inventory; (4) operational material and supplies; (5) environmental liabilities; and (6) the fund balance with the Treasury.

Provides for the submission of a report to specified congressional committees if DOD or a component of DOD is unable to achieve compliance with the completion date for a requirement under this Act.

Requires semiannual reports to such committees on the financial improvement audit readiness (FIAR) plan.

What's happening now June 18, 2009

Read twice and referred to the Committee on Armed Services. (text of measure as introduced: CR S6808-6809)

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1