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House bill · H.R. 8340 (119th Congress)

Taxpayer Funds Oversight and Accountability Act

U.S. House of Representatives

Latest action Jun 11, 2026

Sponsor: Dave Min (U.S. Representative, CA-47, Democratic)

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From Congress.gov and official rosters. This record was last updated Aug 3, 2026. About our data

Summary

Taxpayer Funds Oversight and Accountability Act This bill requires the Office of Management and Budget (OMB) to take certain actions to improve financial management systems across the federal government and expands the responsibilities of federal agency Chief Financial Officers (CFOs). The bill requires OMB to submit a four-year governmentwide financial management plan to Congress within 12 months of enactment and thereafter with the budget submitted in the first full fiscal year following the start of a presidential term. Such plans must address certain topics, including strategies for (1) improving financial management systems; (2) strengthening the financial management workforce; and (3) reporting performance and cost information. OMB must annually submit related status reports to Congress and the Government Accountability Office (GAO). Each agency CFO is assigned new responsibilities, including preparing the agency plan to implement OMB's governmentwide financial management plan; overseeing and, unless otherwise specified in law, providing leadership in the areas of budget formulation and execution, planning and performance, risk management, internal controls, financial systems, accounting, and other areas designated by OMB; coordinating with relevant senior agency personnel on the strategic planning, performance measurement and reporting, and risk management functions of the agency; managing the formulation and financial execution of the agency budget; coordinating with the responsible agency official to ensure performance and cost information are linked; and preparing annual reports on progress in implementing the governmentwide financial management plan and transmitting such reports to the agency head, OMB, GAO, and Congress.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Passed one of the two chambers; it still needs the other.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

House Committee on Oversight and Government Reform · U.S. House of Representatives

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Cosponsors

3

Cosponsors listed on Congress.gov, shown A to Z.

  • Republican2
  • Democratic1

This bill has cosponsors from more than one party.

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Related bills

As identified by Congress.gov.

Full history

  1. Jun 11, 2026

    Sent to the executive

    Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

    U.S. Senate

  2. Jun 11, 2026

    In committee

    Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

    U.S. House

  3. Jun 10, 2026

    Considered as Unfinished business. (consideration: cr H4079)

    Considered as unfinished business. (consideration: CR H4079)

  4. Jun 10, 2026

    Considered as Unfinished business. (consideration: cr H4079)

    Considered as unfinished business. (consideration: CR H4079)

  5. Jun 10, 2026

    Considered as Unfinished business. (consideration: cr H4079)

    Considered as unfinished business. (consideration: CR H4079)

Show full history (17 earlier events)
  1. Jun 10, 2026

    Passed a chamber

    Motion to reconsider laid on the table Agreed to without objection.

  2. Jun 10, 2026

    Passed a chamber

    Motion to reconsider laid on the table Agreed to without objection.

  3. Jun 10, 2026

    Passed a chamber

    Motion to reconsider laid on the table Agreed to without objection.

  4. Jun 10, 2026

    Passed a chamber

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

    U.S. House of Representatives

  5. Jun 8, 2026

    At the Conclusion of Debate, the Chair Put the Question on the Motion to Suspend the rules. Mr. Gill (tx) Objected to the Vote on the Grounds That a Quorum Was Not present. Further Proceedings on the Motion Were postponed. the Point of no Quorum Was Considered as withdrawn.

    At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Gill (TX) objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was considered as withdrawn.

  6. Jun 8, 2026

    At the Conclusion of Debate, the Chair Put the Question on the Motion to Suspend the rules. Mr. Gill (tx) Objected to the Vote on the Grounds That a Quorum Was Not present. Further Proceedings on the Motion Were postponed. the Point of no Quorum Was Considered as withdrawn.

    At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Gill (TX) objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was considered as withdrawn.

  7. Jun 8, 2026

    At the Conclusion of Debate, the Chair Put the Question on the Motion to Suspend the rules. Mr. Gill (tx) Objected to the Vote on the Grounds That a Quorum Was Not present. Further Proceedings on the Motion Were postponed. the Point of no Quorum Was Considered as withdrawn.

    At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Gill (TX) objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was considered as withdrawn.

  8. Jun 8, 2026

    Debate - the House Proceeded With Forty Minutes of Debate on H.R. 8340.

    DEBATE - The House proceeded with forty minutes of debate on H.R. 8340.

    U.S. House of Representatives

  9. Apr 29, 2026

    Committee vote

    Committee Consideration and Mark-up Session Held

  10. Apr 29, 2026

    Committee vote

    Committee Consideration and Mark-up Session Held

  11. Apr 29, 2026

    Committee vote

    Committee Consideration and Mark-up Session Held

  12. Apr 29, 2026

    Reported out of committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 40 - 0.

  13. Apr 29, 2026

    Reported out of committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 40 - 0.

  14. Apr 29, 2026

    Reported out of committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 40 - 0.

  15. Apr 16, 2026

    Introduced

    Introduced in House

    U.S. House of Representatives

  16. Apr 16, 2026

    Introduced

    Introduced in U.S. House

    U.S. House

  17. Apr 16, 2026

    Referred to committee

    Referred to the House Committee on Oversight and Government Reform.

    U.S. House of Representatives

Read the record