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Taxpayer Resources Used in Emergencies Accountability Act

1/14/2025, 7:03 PM

Summary of Bill S 5098

The TRUE Accountability Act, also known as Bill 118 s 5098, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to increase transparency and accountability in government by requiring federal agencies to report accurate and timely information to the public.

One of the key provisions of the TRUE Accountability Act is the establishment of a standardized reporting system for federal agencies. This system would require agencies to regularly report on their activities, expenditures, and performance metrics in a clear and accessible manner. This would allow the public to better understand how taxpayer dollars are being spent and hold government officials accountable for their actions.

Additionally, the TRUE Accountability Act would require federal agencies to undergo regular audits to ensure compliance with reporting requirements. These audits would be conducted by independent third-party organizations to ensure impartiality and accuracy. Overall, the TRUE Accountability Act aims to promote transparency and accountability in government operations. By requiring federal agencies to report accurate and timely information to the public, this bill seeks to increase trust in government institutions and ensure that taxpayer dollars are being used effectively.

Congressional Summary of S 5098

Taxpayer Resources Used in Emergencies Accountability Act or the TRUE Accountability Act

This bill requires the Office of Management and Budget (OMB) to issue guidance to certain executive branch agencies for the development of internal control plans that are available for immediate use in future emergencies or crises. (Internal control refers to a process that provides reasonable assurance of achieving effective and efficient operations, reliable financial reporting, and legal compliance.)

This guidance must be in alignment with the Government Accountability Office reports entitled A Framework for Managing Improper Payments in Emergency Assistance Programs and A Framework for Managing Fraud Risks in Federal Programs

Periodically, the agencies subject to this guidance must submit their internal control plan to OMB and OMB must submit such agency plans to Congress.

Current Status of Bill S 5098

Bill S 5098 is currently in the status of Passed in Senate since December 21, 2024. Bill S 5098 was introduced during Congress 118 and was introduced to the Senate on September 18, 2024.  Bill S 5098's most recent activity was Held at the desk. as of December 24, 2024

Bipartisan Support of Bill S 5098

Total Number of Sponsors
12
Democrat Sponsors
0
Republican Sponsors
12
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
2
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 5098

Primary Policy Focus

Alternate Title(s) of Bill S 5098

TRUE Accountability Act
TRUE Accountability Act
Taxpayer Resources Used in Emergencies Accountability Act
A bill to require certain agencies to develop plans for internal control in the event of an emergency or crisis, and for other purposes.

Comments

Spencer Bowden profile image

Spencer Bowden

693

1 year ago

I don't like this bill, it's not fair! But maybe it will help in the long run.

Waylen Hernandez profile image

Waylen Hernandez

689

1 year ago

This bill is so bad, it's gonna mess up everything for me and my family. I can't believe they're trying to pass this, it's gonna make things so much harder for us. I don't know how they think this is gonna help anyone, it's just gonna make things worse. I hope they realize how much this is gonna hurt people before it's too late.

Kaiya Austin profile image

Kaiya Austin

652

1 year ago

I think this bill is gr8! It will help us all in the long run. Do u know if it will affect taxes at all?