Federal Financial Statement Transparency Act of 2014
Latest action · May 20, 2014 Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 20, 2014
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Federal Financial Statement Transparency Act of 2014 - Establishes in the executive branch an independent Federal Accounting Standards Advisory Board (FASAB) to develop federal financial accounting concepts or standards, giving consideration to the budgetary information needs of executive agencies and the needs of users of federal financial information.
Directs the Secretary of the Treasury to establish a FASAB operations fund to enable the FASAB to carry out its duties.
Requires the Secretary to assess a fee on each sale of a security for deposit into the fund.
Cosponsors 19
Members who signed on, in the order they did. Signatures ran from May 20, 2014 to Jul 24, 2014, with 14 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | Daniel Webster | Original | May 20, 2014 |
| R-OH | David P. Joyce | Original | May 20, 2014 |
| D-WA | Derek Kilmer | Original | May 20, 2014 |
| D-TN | Jim Cooper | Original | May 20, 2014 |
| D-DE | John C. Carney, Jr. | Original | May 20, 2014 |
| R-CA | John Campbell | Original | May 20, 2014 |
| D-MD | John K. Delaney | Original | May 20, 2014 |
| R-TX | K. Michael Conaway | Original | May 20, 2014 |
| R-IN | Larry Bucshon | Original | May 20, 2014 |
| R-PA | Mike Kelly | Original | May 20, 2014 |
| D-VT | Peter Welch | Original | May 20, 2014 |
| R-WI | Reid J. Ribble | Original | May 20, 2014 |
| R-OH | Steve Stivers | Original | May 20, 2014 |
| D-NY | William L. Owens | Original | May 20, 2014 |
| R-KS | Lynn Jenkins | May 29, 2014 |
Actions 2
Everything that happened, newest first.
- May 20, 2014Introduced in House
- May 20, 2014Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Subjects
Assigned by the Library of Congress. Policy area: Government Operations and Politics.
- Accounting and auditing
- Administrative law and regulatory procedures
- Advisory bodies
- Congressional oversight
- Executive agency funding and structure
- Financial services and investments
- Government information and archives
- Government Operations and Politics
- Government studies and investigations
- Government trust funds
- Securities
- User charges and fees
Text 1
Each version as it was printed, newest first.
- May 20, 2014Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.