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S. 1287: Department of Defense Financial Accountability Act of 2009

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S. 1287: Department of Defense Financial Accountability Act of 2009

111th Congress · introduced 2009-06-18 · Armed Forces and National Security · Latest: Read twice and referred to the Committee on Armed Services. (text of measure as introduced: CR S6808-6809)

federal

Follow this bill, step by step

  1. Where it came from: introduced 2009-06-18 · official record
  2. Who proposed it: Sen. McCain, John [R-AZ] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Read twice and referred to the Committee on Armed Services. (text of measure as introduced: CR S6808-6809) Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Department of Defense Financial Accountability Act of 2009

Plain summary

Department of Defense Financial Accountability Act of 2009 - Requires annual audits of the financial statements of the: (1) Department of Defense (DOD); (2) Department of the Army; (3) Department of the Navy; (4) Department of the Air Force; and (5) Defense Logistics Agency. Sets forth deadlines concerning the completion of such audits and the validation of such financial statements as ready for audit. Requires validation of the financial statements of the Departments of the Army, Navy, and Air Force and the Defense Logistics Agency as ready for audit by specified deadlines with respect to: (1) military equipment; (2) real property; (3) inventory; (4) operational material and supplies; (5) environmental liabilities; and (6) the fund balance with the Treasury. Provides for the submission of a report to specified congressional committees if DOD or a component of DOD is unable to achieve compliance with the completion date for a requirement under this Act. Requires semiannual reports to such committees on the financial improvement audit readiness (FIAR) plan.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

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

Department of Defense Financial Accountability Act of 2009

Source: Congressional Research Service summary (Introduced in Senate)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. McCain, John [R-AZ] · 3 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Chuck Grassley (R-IA)

Agencies named in this bill

Found automatically: the agency's full official name appears in the bill title. A bill can affect agencies it does not name, so this list may be incomplete.

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.

Sources

Record fed-us-cong111-s1287 · catalog fed-us-congress-bills-cong111 · updated 2026-11-15 by psicol fed-bills-cong111