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

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

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

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

Signed by the President
Nov 07, 2002

 
Status

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

Progress
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.

Summary

No summaries available.

Cosponsors
none
Committees

Senate Homeland Security and Governmental Affairs

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

Widget

Get a bill status widget for your website »

Citation

Click a format for a citation suggestion:

Notes

S. stands for Senate 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.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

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

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

Use the comment space below for discussion of the merits of S. 2644 (107th) with other GovTrack users.
Your comments are not read by Congressional staff.

comments powered by Disqus