Truth in Government Efficiency Reform Act of 1989

Summary

Title I: Title and Statement of Findings - Truth in Government Efficiency Reform Act of 1989 - Sets forth congressional findings with respect to inadequacies of the financial management systems of the Federal Government. Title II: Declaration of Purposes - Declares that the purpose of this Act is to require the establishment and maintenance of an effective Federal financial management structure. Part A: Development of an Integrated Financial Management System - Revises current provisions of Federal law on accounting principles, standards, and requirements. Requires the Comptroller General to establish an Accounting and Financial Management Advisory Board. Requires the Secretary of the Treasury to develop and maintain a Government-wide five-year financial management plan to improve the financial management of the Federal Government. Part B: Financial Reporting and Audits - Sets forth reporting requirements for Federal agencies with respect to financial operations. Provides for audits of financial statements. Part C: Establishment of Agency Chief Financial Officers - Specifies the Federal agencies in which there shall be appointed an agency chief financial officer to be responsible for financial management activities.

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Timeline

1. 3 January 1989

   Introduced

   Referred to the House Committee on Government Operations.

   Source: IntroReferral

2. 3 January 1989

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 January 1989

   Introduced

   Introduced in House

   Source: IntroReferral

4. 15 February 1989

   Referred

   Referred to the Subcommittee on Legislation and National Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 January 1989

  Open at official source

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Sponsors

• Sen. Craig, Larry E. [R-ID] · R · Sponsor
• Rep. Edwards, Mickey [R-OK-5] · R · Cosponsor
• · hsgo00 · Standing

Related records

• related to ← Truth in Government Efficiency Reform Act of 1989
• related to ← Federal Management Reform Act of 1990