Expressing the sense of the House of Representatives that the Federal Government should adopt and use accrual basis generally accepted accounting principles for Government budgeting, financial reporting, and performance evaluation purposes.

Summary

Declares that the House of Representatives: (1) agrees to consider legislation to implement accrual basis generally accepted accounting principles for U.S. government budgeting, financial reporting, and performance measures; and (2) acknowledges that the use of accrual basis accounting would provide a more accurate measure of the federal government's finances and their impact on the nation's economy. Requests the Comptroller General to prescribe the manner in which such principles can be applied to the U.S. government in the fiscal year following the passage of legislation to implement them. Recognizes that the use of accrual accounting standards in the federal government can assist in management improvement for federal agencies with regard to publicizing true costs, minimizing government waste, and controlling inefficient spending, especially on long-term government contracts.

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

Timeline

1. 7 April 2014

   Introduced

   Referred to the House Committee on Oversight and Government Reform.

   Source: IntroReferral

2. 7 April 2014

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 April 2014

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 7 April 2014 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 April 2014

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 7 April 2014

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 7 April 2014

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• James Renacci · R · Sponsor
• Rep. Conaway, K. Michael [R-TX-11] · R · Sponsor
• Rep. Sherman, Brad [D-CA-32] · D · Sponsor
• Rep. Murphy, Patrick [D-FL-18] · D · Sponsor
• Rep. Peterson, Collin C. [D-MN-7] · D · Cosponsor
• Rep. Gibson, Christopher P. [R-NY-19] · R · Cosponsor
• · hsgo00 · Standing

Related records

No cross-record relationships stored yet.