Accountability through Confirmation Act

3/6/2024, 4:45 AM
Congress
118

Number
HR - 4036

Introduced on
2023-06-12

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

6/12/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Accountability through Confirmation Act

This bill requires the Director of the Financial Crimes Enforcement Network to be appointed by the President and confirmed by the Senate, rather than appointed by the Secretary of the Treasury as under current law. The bill also provides for the director's compensation rate under the Executive Schedule.

The Accountability through Confirmation Act, also known as Bill 118 hr 4036, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to increase accountability and transparency in the confirmation process for federal government officials.

One of the key provisions of the Accountability through Confirmation Act is the requirement for all nominees for federal government positions to disclose any potential conflicts of interest. This is intended to ensure that individuals appointed to important government roles are free from any conflicts that could compromise their ability to serve the public interest.

Additionally, the bill includes measures to streamline the confirmation process, making it more efficient and less prone to delays. This includes setting deadlines for the submission of required documentation and expediting the review process for nominees. Another important aspect of the Accountability through Confirmation Act is the establishment of a bipartisan commission to oversee the confirmation process. This commission would be responsible for reviewing nominees and making recommendations to the President and Congress. Overall, the Accountability through Confirmation Act aims to improve the integrity of the confirmation process for federal government officials and ensure that individuals appointed to these positions are qualified and free from conflicts of interest.
Alternative Names
Official Title as IntroducedTo amend title 31, United States Code, to require the Director of the Financial Crimes Enforcement Network to be appointed by the President and confirmed by the Senate, and for other purposes.

Policy Areas
Finance and Financial Sector

Comments

Recent Activity

Latest Summary3/5/2024

Accountability through Confirmation Act

This bill requires the Director of the Financial Crimes Enforcement Network to be appointed by the President and confirmed by the Senate, rather than appointed by the Secretary of the Treasur...


Latest Action6/12/2023
Referred to the House Committee on Financial Services.