The record

LegislationLegislation· Jun 2026
HR 8340 Passed House — in Senate

Sponsored by Dave Min (D)

Taxpayer Funds Oversight and Accountability Act

Requires OMB to submit four-year financial management plans and expands CFO responsibilities across federal agencies.

Tradeoff

Adds reporting and planning duties for federal agencies to improve financial systems and workforce management. No spending authorization or budget impact specified in the bill.

What's in it

See official bill text

Passed the House by on June 10, 2026 — sitting in the Senate.

  1. House

    Introduced

    (Apr 16, 2026)

  2. House

    Committee on Oversight and Government Reform(Apr 16, 2026)

  3. House

    The committee voted to send it to the floor

    Reported 40 - 0(Apr 29, 2026)

  4. House

    Passage of the bill

    Passed by (Jun 10, 2026)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Homeland Security and Governmental Affairs(Jun 11, 2026)