TRUE Accountability Act

Summary

Taxpayer Resources Used in Emergencies Accountability Act or the TRUE Accountability Act This bill requires the Office of Management and Budget (OMB) to issue guidance to certain executive branch agencies for the development of internal control plans that are available for immediate use in future emergencies or crises. ( Internal control refers to a process that provides reasonable assurance of achieving effective and efficient operations, reliable financial reporting, and legal compliance.) This guidance must be in alignment with the Government Accountability Office reports entitled A Framework for Managing Improper Payments in Emergency Assistance Programs and A Framework for Managing Fraud Risks in Federal Programs .  Periodically, the agencies subject to this guidance must submit their internal control plan to OMB and OMB must submit such agency plans to Congress.

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Timeline

1. 13 January 2025

   Introduced

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

   Source: IntroReferral

2. 13 January 2025

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

2 official files

• Introduced in Senate

  Introduced in Senate · EN · 13 January 2025

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 13 January 2025

  Open at official source

Sponsors

• James Lankford · R · Sponsor
• Andy Kim · D · Cosponsor
• · ssga00 · Standing

Related records

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