War Funding Accountability Act - Requires the President, within 30 days of enactment of an appropriations Act that funds military operations or reconstruction in Iraq, to prepare and transmit to Congress a report (as well as subsequent progress reports) detailing U.S. goals with respect to such operations or reconstruction efforts, including: (1) a description of the purposes for which amounts will be made available; (2) a plan for the security of Iraq including a plan to secure approval for a United Nations-backed multinational force; (3) a plan for the reconstruction of Iraq; (4) a plan for the establishment of a sovereign Iraqi Government; and (5) a description of U.S. efforts to obtain financial support for Iraq from other countries and international financial institutions.
States that if the requirements to transmit initial or subsequent reports are not met then unobligated or unexpended amounts for reconstruction with respect to the subject of such reports may not be obligated or expended until transmittal to Congress.