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HR 4678 113th Congress House Government Operations and Politics Accounting and auditing Administrative law and regulatory procedures Advisory bodies Congressional oversight Executive agency funding and structure Financial services and investments Government information and archives Government studies and investigations Government trust funds Securities User charges and fees

Federal Financial Statement Transparency Act of 2014

Introduced: May 20, 2014 See on congress.gov
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 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
 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.

What's happening now 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.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 1 Republican 3