Expressing the sense of the House of Representatives that the Federal Government should adopt and use accrual basis generally accepted accounting principles for Government budgeting, financial reporting, and performance evaluation purposes.
Latest action. Referred to the House Committee on oversightCongress's review of how the executive branch carries out the laws it passed: hearings, document demands, investigations, and the spending power behind them.Read the full definition (opens a new tab) and Government Reform.
Declares that the House of Representatives: (1) agrees to consider legislation to implement accrual basis generally accepted accounting principles for U.S. government budgeting, financial reporting, and performance measures; and (2) acknowledges that the use of accrual basis accounting would provide a more accurate measure of the federal government's finances and their impact on the nation's economy.
Requests the Comptroller General to prescribe the manner in which such principles can be applied to the U.S. government in the fiscal year following the passage of legislation to implement them.
Recognizes that the use of accrual accounting standards in the federal government can assist in management improvement for federal agencies with regard to publicizing true costs, minimizing government waste, and controlling inefficient spending, especially on long-term government contracts.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in House" stage on April 7, 2014. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
A simple resolution is the business of a single chamber. The House can adopt it on its own, and it is never sent to the other chamber or to the President.
The record's latest action, on April 7, 2014: Referred to the House Committee on Oversight and Government Reform.
- A vote of the House
What is a simple resolution, exactly?
A simple resolution concerns one chamber only, such as its own rules or an expression of its opinion. The other chamber and the President play no part, and it does not carry the force of law.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
James Renacci (R-OH) introduced it on April 7, 2014, and 5 members have since signed on as cosponsors.
They come from both major parties: 3 Democrats, 2 Republicans.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on April 7, 2014, 4539 days ago. The most recent recorded action was 4539 days ago, on April 7, 2014.
Measures do not carry over. Anything the 113th Congress has not finished by January 3, 2015 dies when the term ends, and has to be introduced again from the start in the next Congress.
That deadline applies to this measure too, even though it was never headed for the President's desk.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- HouseIn committee, no floor vote yet
- SenateAwaits House passage
- PresidentAwaits both chambers