Accountability through Confirmation Act

Hozzl · 2024-03-06T04:45:23Z

Explore the details of House Bill 4036 Accountability through Confirmation Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

3/6/2024, 4:45 AM

Summary of Bill HR 4036

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.

Congressional Summary of HR 4036

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.

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Current Status of Bill HR 4036

Bill HR 4036 is currently in the status of Bill Introduced since June 12, 2023. Bill HR 4036 was introduced during Congress 118 and was introduced to the House on June 12, 2023. Bill HR 4036's most recent activity was Referred to the House Committee on Financial Services. as of June 12, 2023

Bipartisan Support of Bill HR 4036

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

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Policy Area and Potential Impact of Bill HR 4036

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 4036

Accountability through Confirmation Act

To 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.