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HR 7164 117th Congress House Government Operations and Politics Accounting and auditing Budget process Congressional oversight Executive agency funding and structure Federal officials Performance measurement

CFO Vision Act of 2022

Introduced: March 18, 2022 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
Mar 18, 2022
Referred to the House Committee on Oversight and Reform.
Mar 18, 2022
Introduced in House
 Plain-English summary Congressional Research Service

CFO Vision Act of 2022

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, accounting, and other areas as the Office of Management and Budget may designate.

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.

What's happening now March 18, 2022

Referred to the House Committee on Oversight and Reform.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1