PRIA, Government Policy, Made Personal

Summary

An Office of Federal Financial Management is set up inside the Office of Management and Budget to carry out the financial duties listed in section 503(a). It works under the Deputy Director for Management. The President, with Senate approval, must appoint a Controller who has strong accounting and financial-systems skills and extensive experience managing finances in large governments or businesses. The Controller is the Deputy Director’s main advisor and deputy on those duties.

Title 31, §504

Money and Finance, Source: USLM XML via OLRC

(a)There is established in the Office of Management and Budget an office to be known as the “Office of Federal Financial Management”. The Office of Federal Financial Management, under the direction and control of the Deputy Director for Management of the Office of Management and Budget, shall carry out the financial management functions listed in section 503(a) of this title.

(b)There shall be at the head of the Office of Federal Financial Management a Controller, who shall be appointed by the President, by and with the advice and consent of the Senate. The Controller shall be appointed from among individuals who possess—

(1)demonstrated ability and practical experience in accounting, financial management, and financial systems; and

(2)extensive practical experience in financial management in large governmental or business entities.

(c)The Controller of the Office of Federal Financial Management shall be the deputy and principal advisor to the Deputy Director for Management in the performance by the Deputy Director for Management of functions described in section 503(a).

Editorial Notes

Prior Provisions

A prior section 504 was renumbered section 506 of this title.

§504 Office of Federal Financial Management

Summary

Title 31, §504

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

Citations & Metadata