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CFO Vision Act of 2022

USA117th CongressHR-7164| House 
| Updated: 3/18/2022
Carolyn B. Maloney

Carolyn B. Maloney

Democratic Representative

New York

Cosponsors (1)
Eleanor Holmes Norton (Democratic)

Oversight and Government Reform Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
CFO Vision Act of 2022 This bill establishes or modifies provisions to provide for standardized government-wide financial management requirements. Each agency Chief Financial Officer must oversee and provide leadership in the areas of budget formulation and execution, planning and performance, risk management, internal controls, financial systems, accounting, and other areas as the Office of Management and Budget may designate. The bill requires the government-wide financial management plan to include actions for improving financial management systems, strengthening the federal financial management workforce, and linking performance and cost information to budget decision-making. The bill requires (1) the development of financial management performance-based metrics, and (2) an assessment of performance by such metrics to be included in the government-wide and agency-level financial management plans and status reports.
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Timeline
Mar 18, 2022
Introduced in House
Mar 18, 2022
Referred to the House Committee on Oversight and Reform.
  • March 18, 2022
    Introduced in House


  • March 18, 2022
    Referred to the House Committee on Oversight and Reform.

Government Operations and Politics

Accounting and auditingBudget processCongressional oversightExecutive agency funding and structureFederal officialsPerformance measurement

CFO Vision Act of 2022

USA117th CongressHR-7164| House 
| Updated: 3/18/2022
CFO Vision Act of 2022 This bill establishes or modifies provisions to provide for standardized government-wide financial management requirements. Each agency Chief Financial Officer must oversee and provide leadership in the areas of budget formulation and execution, planning and performance, risk management, internal controls, financial systems, accounting, and other areas as the Office of Management and Budget may designate. The bill requires the government-wide financial management plan to include actions for improving financial management systems, strengthening the federal financial management workforce, and linking performance and cost information to budget decision-making. The bill requires (1) the development of financial management performance-based metrics, and (2) an assessment of performance by such metrics to be included in the government-wide and agency-level financial management plans and status reports.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 18, 2022
Introduced in House
Mar 18, 2022
Referred to the House Committee on Oversight and Reform.
  • March 18, 2022
    Introduced in House


  • March 18, 2022
    Referred to the House Committee on Oversight and Reform.
Carolyn B. Maloney

Carolyn B. Maloney

Democratic Representative

New York

Cosponsors (1)
Eleanor Holmes Norton (Democratic)

Oversight and Government Reform Committee

Government Operations and Politics

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Accounting and auditingBudget processCongressional oversightExecutive agency funding and structureFederal officialsPerformance measurement