S. 2644 (107th): Accountability of Tax Dollars Act of 2002

Jun 19, 2002 (107th Congress, 2001–2002)
Died (Reported by Committee)
See Instead:

H.R. 4685 (same title)
Signed by the President — Nov 07, 2002

Peter Fitzgerald
Senator from Illinois
Read Text »
Last Updated
Oct 16, 2002
8 pages
Related Bills
H.R. 4685 (identical)

Signed by the President
Nov 07, 2002


This bill was introduced on October 9, 2002, in a previous session of Congress, but was not enacted.

Introduced Jun 19, 2002
Referred to Committee Jun 19, 2002
Reported by Committee Oct 09, 2002
Full Title

A bill to amend chapter 35 of title 31, United States Code, to expand the types of Federal agencies that are required to prepare audited financial statements.


No summaries available.


Senate Homeland Security and Governmental Affairs

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Primary Source

THOMAS.gov (The Library of Congress)

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S. stands for Senate bill.

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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.

10/16/2002--Reported to Senate 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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