S. 2688: Executive Branch Financial Accountability Reporting Act of 2004
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S. 2688: Executive Branch Financial Accountability Reporting Act of 2004
108th Congress · introduced 2004-07-19 · Government Operations and Politics · Latest: Referred to the House Committee on Government Reform.
federal
Follow this bill, step by step
- Where it came from: introduced 2004-07-19 · official record
- Who proposed it: Sen. Fitzgerald, Peter [R-IL] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Referred to the House Committee on Government Reform. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
Executive Branch Financial Accountability Reporting Act of 2004
Plain summary
Executive Branch Financial Accountability Reporting Act of 2004 - Instructs the Director of the Office of Management and Budget (OMB) to list for certain congressional committees: (1) each Federal entity that receives an exemption or waiver from the statutory requirement for an annually audited financial statement; and (2) other Federal entities, including special purpose entities, that do not prepare independently audited annual financial statements. Requires the OMB report to include assessments of: (1) the capability of the listed entities to prepare annual financial statements and have them independently audited; (2) how to reduce the costs of preparing the financial statements and performing independent audits; and (3) the benefits of improved financial oversight encompassing the executive branch, including the feasibility of preparing annual financial statements and independently audited statements for certain executive branch entities. Authorizes appropriations.
Congressional Research Service summary (Passed Senate amended), quoted unchanged (nonpartisan). Read the source.
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A “Yea” vote
If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
PSI Sci description of the legislative step (not an opinion).
What does this mean? (plain words)
Official text
Executive Branch Financial Accountability Reporting Act of 2004
Source: Congressional Research Service summary (Passed Senate amended)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Sen. Fitzgerald, Peter [R-IL] · 1 cosponsors
Cost estimate: CBO cost estimate: S. 2688, Executive Branch Financial Accountability Reporting Act of 2004 (2004-08-04); CBO cost estimate: S. 2688, Executive Branch Financial Accountability Reporting Act of 2004 (2004-08-04)
Cosponsors on this site
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (3)
- Appropriation
- Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
- Exemption
- A rule that removes certain people, property or activities from a tax or requirement.
- Statute
- A written law passed by a legislature. A statute can be changed by a later law; changing a constitution needs an amendment.
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Passed Senate amended)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-108s2688.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/108/s>
Record fed-us-cong108-s2688 · catalog fed-us-congress-bills-cong108 · updated 2026-11-15 by psicol fed-bills-cong108