PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Government Management, Information and Technology.
Congressional Research Service
Version 35 · Passed Senate amended · Aug 2, 1996
Federal Financial Management Improvement Act of 1996 - Requires each Federal agency to: (1) implement and maintain financial management systems that comply with Federal requirements, Federal accounting standards, and the U.S. Government Standard General Ledger at the transaction level; and (2) give priority in funding and provide sufficient resources to implement this Act. Requires: (1) audit reporting of whether an agency's financial management systems comply with requirements; (2) compliance determination by the Director of the Office of Management and Budget (OMB), acting through the Controller of the Office of Federal Financial Management; and (3) if there is noncompliance with the standards, a remediation plan. Sets forth a limitation on the time period for bringing the agency's financial management systems into compliance. Allows the transfer of up to two percent of agency funds for priority financial management system improvements for an agency with a remediation plan. Requires a report by the Director of OMB if an agency fails to bring its financial management systems into compliance within the specified time period. Directs the: (1) Secretary of the Senate and the Clerk of the House, jointly, to study and submit a report to the Congress on how the Congress and the legislative branch may achieve compliance; and (2) Chief Justice of the United States to study and submit a report to the Congress on how the judiciary may achieve such compliance. Sets forth: (1) reporting requirements; (2) conforming amendments; (3) definitions; and (4) the effective date.
People & committees
Sen. Brown, Hank [R-CO] · R–CO
Legislative record
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Referred to the Subcommittee on Government Management, Information and Technology.
Referred to the House Committee on Government Reform and Oversight.
Message on Senate action sent to the House.
Received in the House.
Passed Senate with an amendment by Unanimous Consent. (consideration: CR S9666-9668)
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.(consideration: CR S9666-9668)
Placed on Senate Legislative Calendar under General Orders. Calendar No. 548.
Committee on Governmental Affairs. Reported to Senate by Senator Stevens with an amendment in the nature of a substitute. With written report No. 104-339.
Committee on Governmental Affairs. Reported to Senate by Senator Stevens with an amendment in the nature of a substitute. With written report No. 104-339.
Committee on Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Read twice and referred to the Committee on Governmental Affairs.
Sponsor introductory remarks on measure. (CR S11812-11813)
Introduced in Senate
Primary sources
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Source last updated: Mar 23, 2026. Consult Congress.gov for the current record.
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