H.R. 4685 (107th): Accountability of Tax Dollars Act of 2002

May 08, 2002 (107th Congress, 2001–2002)
Signed by the President
Slip Law:
This bill became Pub.L. 107-289.
Patrick “Pat” Toomey
Representative for Pennsylvania's 15th congressional district
Read Text »
Last Updated
Oct 22, 2002
2 pages
Related Bills
H.R. 5521 (106th) was a previous version of this bill.

Referred to Committee
Last Action: Oct 19, 2000

S. 2644 (identical)

Reported by Committee
Last Action: Oct 09, 2002


This bill was enacted after being signed by the President on November 7, 2002.

Introduced May 08, 2002
Referred to Committee May 08, 2002
Passed House Oct 07, 2002
Passed Senate Oct 17, 2002
Signed by the President Nov 07, 2002
Full Title

To amend title 31, United States Code, to expand the types of Federal agencies that are required to prepare audited financial statements.


No summaries available.

11 cosponsors (10R, 1D) (show)

House Oversight and Government Reform

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Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

10/7/2002--Passed House amended.
Accountability of Tax Dollars Act of 2002 - Requires executive agencies that are not otherwise required to submit annual audited financial statements (excluding Government corporations) to submit such statements to Congress and the Director of the Office of Management and Budget. (Allows the Director to waive such requirement for the first two fiscal years after enactment of this Act.)Authorizes the Director to exempt a covered agency, with specified exceptions, from preparing such a statement for any fiscal year for which:
(1) the total amount of budget authority available to the agency does not exceed $25 million; and
(2) the Director determines that requiring an annual audited financial statement is not warranted due to the absence of risks associated with the agency's operations, the agency's demonstrated performance, or other factors that the Director considers relevant.
Requires the Director to annually notify the House Committee on Government Reform and the Senate Committee on Governmental Affairs of each agency the Director has exempted and the reasons for each exemption.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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