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United States · Bill · HR

H.R. 118 (100th)

Truth in Government Accounting Act of 1987

referredUnited States· United States Congress· EN

Introduced

6 January 1987

Last action

20 January 1987 · Referred

Status

Referred to Subcommittee on Legislation and National Security.

Sponsors

Rep. Crane, Philip M. [R-IL-8], Rep. Nielson, Howard C. [R-UT-3], Rep. Dannemeyer, William E. [R-CA-39], Rep. Archer, Bill [R-TX-7], Rep. Bentley, Helen Delich [R-MD-2], Rep. Spence, Floyd [R-SC-2], Rep. Daniel, W. C. (Dan) [D-VA-5], Rep. Solomon, Gerald B. H. [R-NY-22], Rep. Porter, John Edward [R-IL-10], Rep. Wortley, George C. [R-NY-27], Sen. Inhofe, James M. [R-OK], Rep. Davis, Jack [R-IL-4], Rep. Hiler, John Patrick [R-IN-3], Sen. Smith, Bob [R-NH], Rep. Stump, Bob [R-AZ-3], Rep. DioGuardi, Joseph J. [R-NY-20], Sen. Craig, Larry E. [R-ID], Rep. Dornan, Robert K. [R-CA-46], Rep. Badham, Robert E. [R-CA-40], Rep. DeLay, Tom [R-TX-22], Rep. Boulter, Beau [R-TX-13], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Shaw, E. Clay, Jr. [R-FL-22], Rep. Skeen, Joe [R-NM-2], Rep. Walker, Robert S. [R-PA-16], Rep. Stenholm, Charles W. [D-TX-17], Rep. Swindall, Patrick L. [R-GA-4], Rep. Konnyu, Ernest L. [R-CA-12]

Subjects

Discovery layer

Source updated

28 August 2025

Official sourceView documentsShare

Summary

Truth in Government Accounting Act of 1987 - Requires the Secretary of the Treasury to prepare and make public annual consolidated financial statements for the United States based on accrual accounting procedures. Directs the Secretary to publish such statements each year on a date not later than the date the President submits the Federal budget to the Congress. Directs the Secretary to notify the public of the availability of such statements, including placing notice on all tax forms. Requires the Comptroller General to audit the consolidated financial statements each fiscal year. Requires the President to include in each budget a summary of how the use of accrual accounting procedures would affect the estimated Federal expenditures, appropriations, and receipts. Requires the Director of the Office of Management and Budget to prepare all of the budgets submitted to the President according to both accrual accounting procedures and the cash basis accounting method.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 6 January 1987

    Introduced

    Referred to House Committee on Government Operations.

    Source: IntroReferral

  2. 6 January 1987

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 6 January 1987

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 20 January 1987

    Referred

    Referred to Subcommittee on Legislation and National Security.

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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