Skip to main content
HR 4678 113th Congress House

Federal Financial Statement Transparency Act of 2014

Official title: To establish the Federal Accounting Standards Advisory Board as an independent establishment to develop Federal financial accounting concepts and standards and… Show full official titleShow less

Official title: To establish the Federal Accounting Standards Advisory Board as an independent establishment to develop Federal financial accounting concepts and standards and provide guidance to users of Federal financial information, and for other purposes.

Introduced: May 20, 2014 See on congress.gov
Government Operations and Politics Accounting and auditingAdministrative law and regulatory proceduresAdvisory bodiesCongressional oversight
More subjectsShow fewer subjects
Executive agency funding and structureFinancial services and investmentsGovernment information and archivesGovernment studies and investigationsGovernment trust fundsSecuritiesUser charges and fees
Sign in to write a letter Sign in to watch
This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 20, 2014
Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 20, 2014
Introduced in House
 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.

 Latest action May 20, 2014

Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Plain-English summary Congressional Research Service

Federal Financial Statement Transparency Act of 2014 - Establishes in the executive branch an independent Federal Accounting Standards Advisory Board (FASAB) to develop federal financial accounting concepts or standards, giving consideration to the budgetary information needs of executive agencies and the needs of users of federal financial information.

Directs the Secretary of the Treasury to establish a FASAB operations fund to enable the FASAB to carry out its duties.

Requires the Secretary to assess a fee on each sale of a security for deposit into the fund.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 14
All 14 Democratic 1 Republican 3
Gibbs, Bob
· Jul 24, 2014
Collins, Chris
· Jul 8, 2014
Rokita, Todd
· Jun 26, 2014
Jenkins, Lynn
· May 29, 2014
Bucshon, Larry
· May 20, 2014
Campbell, John
· May 20, 2014
Conaway, K.
· May 20, 2014
Delaney, John
· May 20, 2014
 R
Joyce, David P.
Ohio · May 20, 2014
 R
Kelly, Mike
Pennsylvania · May 20, 2014
Owens, William
· May 20, 2014
Stivers, Steve
· May 20, 2014
 R
Webster, Daniel
Florida · May 20, 2014
 D
Welch, Peter
Vermont · May 20, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4678: Federal Financial Statement Transparency Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-HR-4678/
MLA
"H.R. 4678: Federal Financial Statement Transparency Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-4678/.
Bluebook (legal)
H.R. 4678, 113th Cong. (2026), https://openamerica.io/bill/113-HR-4678/.
Markdown link
[H.R. 4678: Federal Financial Statement Transparency Act of 2014](https://openamerica.io/bill/113-HR-4678/)
Report a problem