United States · Bill · S
S. 1130 (104th)
Federal Financial Management Improvement Act of 1996
Introduced
8 August 1995
Last action
6 September 1996 · Referred
Status
Referred to the Subcommittee on Government Management, Information and Technology.
Sponsors
Sen. Brown, Hank [R-CO], Sen. Craig, Larry E. [R-ID], Sen. Burns, Conrad R. [R-MT], Sen. Inhofe, James M. [R-OK], Sen. Lott, Trent [R-MS], Sen. Nickles, Don [R-OK], Sen. Gorton, Slade [R-WA], Sen. Faircloth, Lauch [R-NC], Sen. Grassley, Chuck [R-IA], Sen. Kyl, Jon [R-AZ], Sen. Glenn, John H., Jr. [D-OH], Sen. Levin, Carl [D-MI]
Subjects
Budget
Source updated
23 March 2026
Summary
Accounting Standardization Act of 1995 - Directs the President, beginning with FY 1997, to require the heads of agencies to implement and maintain a uniform Federal accounting system established in accordance with this Act and other applicable law. Requires: (1) the Secretary of the Treasury, the Director of the Office of Management and Budget (OMB), and the Comptroller General to agree on proposed Federal accounting standards and interpretations recommended by the Federal Account Standards Advisory Board (FASAB), in accordance with the Memorandum of Understanding dated October 10, 1990, between the Department of the Treasury, OMB, and the General Accounting Office (GAO); and (2) the Comptroller General and the Director to publish such standards. Mandates that the Federal accounting system satisfy existing and future Federal accounting standards as recommended by the FASAB and approved by the Department of the Treasury, OMB, and GAO. Sets forth provisions regarding: (1) interim principles; (2) authority to modify or amend a standard; and (3) consistency of such system with the U.S. Government Standard General Ledger and with Federal management systems requirements. Authorizes: (1) the FASAB to recommend to the Secretary, Director, and Comptroller General the application of Federal accounting standards and Federal financial management systems requirements to specified corporations, agencies, or instrumentalities, or a federally chartered corporation or instrumentality (such entities); and (2) the Secretary, Director, and Comptroller General, upon FASAB recommendation, to require such entities to comply with all or part of such a standard or requirement. Requires each Federal agency to implement and maintain a uniform Federal accounting system in accordance with the requirements, and giving priority in funding and sufficient resources to implementation, of this Act. Permits each Federal agency to implement this Act by utilizing the assistance of private sector firms to develop basic systems, subject to the requirements specified in this Act. Sets forth provisions regarding: (1) audit compliance reporting; (2) penalties for violations; (3) enforcement; and (4) anti-deficiency violation penalties.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
8 August 1995
Introduced
Read twice and referred to the Committee on Governmental Affairs.
Source: IntroReferral
8 August 1995
Introduced
Sponsor introductory remarks on measure. (CR S11812-11813)
Source: IntroReferral
8 August 1995
Introduced
Introduced in Senate
Source: IntroReferral
16 May 1996
Reported
Committee on Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Source: Committee
30 July 1996
Calendars
Placed on Senate Legislative Calendar under General Orders. Calendar No. 548.
Source: Calendars
30 July 1996
Reported
Committee on Governmental Affairs. Reported to Senate by Senator Stevens with an amendment in the nature of a substitute. With written report No. 104-339.
Source: Committee
30 July 1996
Reported
Committee on Governmental Affairs. Reported to Senate by Senator Stevens with an amendment in the nature of a substitute. With written report No. 104-339.
Source: Committee
2 August 1996
Passed
Passed Senate with an amendment by Unanimous Consent. (consideration: CR S9666-9668)
Source: Floor
2 August 1996
Passed
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.(consideration: CR S9666-9668)
Source: Floor
4 September 1996
Introduced
Referred to the House Committee on Government Reform and Oversight.
Source: IntroReferral
4 September 1996
Floor
Message on Senate action sent to the House.
Source: Floor
4 September 1996
Floor
Received in the House.
Source: Floor
6 September 1996
Referred
Referred to the Subcommittee on Government Management, Information and Technology.
Source: Committee
Votes
No vote records are attached yet.
Versions
- Referred in House · 4 September 1996 · Download file
- Engrossed in Senate · 2 August 1996 · Download file
- Reported to Senate · 30 July 1996 · Download file
- Introduced in Senate · 8 August 1995 · Download file
Documents
10 official files
Referred in House (text)
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Referred in House (text)
Referred in House · EN · 4 September 1996
Referred in House (PDF)
Referred in House · EN · 4 September 1996
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Engrossed in Senate (text)
Engrossed in Senate · EN · 2 August 1996
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Engrossed in Senate (PDF)
Engrossed in Senate · EN · 2 August 1996
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Passed Senate amended
summary · EN · 2 August 1996
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Reported to Senate (text)
Reported to Senate · EN · 30 July 1996
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Reported to Senate (PDF)
Reported to Senate · EN · 30 July 1996
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Introduced in Senate (text)
Introduced in Senate · EN · 8 August 1995
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in Senate (PDF)
Introduced in Senate · EN · 8 August 1995
ViewDownloadOpen at official source
Leesvertaling
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in Senate
summary · EN · 8 August 1995
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Brown, Hank [R-CO] · R · Sponsor
- Sen. Craig, Larry E. [R-ID] · R · Sponsor
- Sen. Burns, Conrad R. [R-MT] · R · Sponsor
- Sen. Inhofe, James M. [R-OK] · R · Sponsor
- Sen. Lott, Trent [R-MS] · R · Cosponsor
- Sen. Nickles, Don [R-OK] · R · Cosponsor
- Sen. Gorton, Slade [R-WA] · R · Cosponsor
- Sen. Faircloth, Lauch [R-NC] · R · Cosponsor
- Sen. Grassley, Chuck [R-IA] · R · Cosponsor
- Sen. Kyl, Jon [R-AZ] · R · Cosponsor
- Sen. Glenn, John H., Jr. [D-OH] · D · Cosponsor
- Sen. Levin, Carl [D-MI] · D · Cosponsor
- · hsgo00 · Standing
- · ssga00 · Standing
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/104th-congress/senate-bill/1130
- Open data entity: https://api.congress.gov/v3/bill/104/s/1130
- us · 104-s-1130 · source updated 23 March 2026