VA Fiscal Management Modernization Act

This legislation, titled the "VA Fiscal Management Modernization Act," aims to significantly clarify and expand the authority of the Assistant Secretary for Management within the Department of Veterans Affairs. It formally designates this position as the Department's Chief Financial Officer (CFO) , empowering them with comprehensive financial management responsibilities. The CFO's duties include advising the Secretary on financial matters, formulating and executing the budget, controlling and auditing finances, and ensuring compliance with federal financial regulations like the Antideficiency Act. The bill establishes an Office of Management within the Department, headed by the CFO, and creates two Deputy Assistant Secretary roles focused on financial strategy and operations. Crucially, it mandates the creation of a Legislative and Congressional Budget Information Office (LCBI Office) , whose sole function is to provide accurate, timely, and certified financial and budget information directly to Congress. Furthermore, the legislation ensures that all financial employees, such as chief financial officers of Administrations or Veterans Integrated Service Networks, report exclusively to the Department's CFO, preventing them from performing programmatic or operational functions.