S 3287 116th Congress Senate Government Operations and Politics Accounting and auditing Budget process Congressional oversight Executive agency funding and structure Federal officials Performance measurement

CFO Vision Act of 2020

Introduced: February 12, 2020 See on congress.gov

Everywhere this bill has been 12 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Dec 17, 2020

Held at the desk.

Dec 17, 2020

Received in the House.

Dec 17, 2020

Message on Senate action sent to the House.

Dec 16, 2020

Passed Senate with an amendment by Unanimous Consent. (text: CR S7560-7561)

Dec 16, 2020

Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.(text: CR S7560-7561)

Dec 16, 2020

The committee substitute as amended agreed to by Unanimous Consent. (text: CR S7558-7560)

Dec 16, 2020

Measure laid before Senate by unanimous consent. (consideration: CR S7558-7561)

Oct 19, 2020

Placed on Senate Legislative Calendar under General Orders. Calendar No. 572.

Oct 19, 2020

Committee on Homeland Security and Governmental Affairs. Reported by Senator Johnson with an amendment in the nature of a substitute. With written report No. 116-278.

Jul 22, 2020

Committee on Homeland Security and Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.

Feb 12, 2020

Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (Sponsor introductory remarks on measure: CR S1043-1044)

Feb 12, 2020

Introduced in Senate

Plain-English summary Congressional Research Service

CFO Vision Act of 2020

This bill establishes or modifies provisions to provide for standardized government-wide financial management requirements.

Each agency Chief Financial Officer must oversee and provide leadership in the areas of budget formulation and execution, planning and performance, risk management, internal controls, financial systems, and accounting.

The bill requires the government-wide financial management plan to include actions for improving financial management systems, strengthening the federal financial management workforce, and linking performance and cost information to budget decision-making.

The bill requires (1) the development of financial management performance-based metrics, and (2) an assessment of performance by such metrics to be included in the government-wide and agency-level financial management plans and status reports. Specifically, each agency shall annually assess and make a conclusion on the effectiveness of its internal controls over financial reporting and key financial management information.

What's happening now December 17, 2020

Held at the desk.

Committees of jurisdiction 1