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119-hr-7683119th CongressWALLET

VA Fiscal Management Modernization Act

Sponsored By: Representative Bergman, Jack [R-MI-1]

In Committee

Summary

Centralizes VA financial leadership under a department Chief Financial Officer who would oversee budgeting, accounting, and major acquisition finance. The bill would also create an Office of Planning and Budget and a small Legislative and Congressional Budget Information Office, and it extends a capped pension payment deadline to December 31, 2033.

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  • VA financial managers and staff: Creates a Chief Financial Officer post as head of the Office of Planning and Budget with authority over budget formulation and execution, accounting, auditing, acquisition life-cycle management, and Antideficiency Act compliance. Many of these authorities and the new deputy posts would expire five years after enactment.
  • Congress and congressional committees: Allows direct requests for timely, certified budget and finance information from a Legislative and Congressional Budget Information Office limited to 6 full-time equivalent employees. The Assistant Secretary for Congressional and Legislative Affairs would still have to respond to requests submitted to that office.
  • Veterans with pensions: Extends a capped pension-related payment deadline from January 31, 2033 to December 31, 2033.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

New VA finance office and rules

If enacted, the bill would rename the Assistant Secretary for Management to Assistant Secretary for Planning and Budget. That official would be designated the Department's Chief Financial Officer. The CFO would lead a new Office of Planning and Budget and handle VA budgeting, accounting, audits, and major acquisitions. The bill would create a Legislative and Congressional Budget Information Office inside that office. The CFO would appoint its head, who would report only to the CFO. That office's sole job would be to give Congress certified VA budget and finance information. It could have up to six full-time employees. Covered VA financial officers would report only to the Department CFO and could not do program or operational work. The Assistant Secretary for Congressional and Legislative Affairs would still answer requests submitted to that office. These changes would take effect within 180 days and would sunset five years after enactment.

VA pension cap date extended

If enacted, the bill would change one date in VA law from January 31, 2033 to December 31, 2033. This would extend by 11 months the deadline tied to a capped VA pension-related payment. The bill text does not state the payment amount. The change would take effect on enactment.

Sponsors & CoSponsors

Sponsor

Bergman, Jack [R-MI-1]

MI • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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