This legislation aims to enhance accountability for federal funds by granting the Comptroller General of the United States access to various state, local government, and municipality records. This access is specifically for the purpose of auditing, investigating, and evaluating the receipt, expenditure, administration, and fiscal controls of federal funds, whether received directly or indirectly. Under this bill, any state, local government, or municipality receiving federal funds must provide the Comptroller General with requested documents, including budgets, financial records, expenditure reports, contracts, and grants. Furthermore, states are required to provide access to these records for the preceding fiscal year annually, within 120 days after the end of each fiscal year. A key enforcement mechanism is established: if a state fails to provide the necessary access, the Director of the Office of Management and Budget is authorized to withhold, suspend, or condition federal funds allocated to that state until compliance is achieved.