RECEIPTS Act

This bill sets rules tied to whether the Department of Defense passes a clean financial audit. If the Department or one of its parts gets a clean audit for a year after 2028, it would get more room to move money between accounts and some reporting requirements would end. If the Department does not get a clean audit for fiscal year 2028 by December 31, 2028, top financial officials would have to be CPAs with certain experience, and non-defense payroll work done by the Defense Finance and Accounting Service would move to another federal agency. The bill also authorizes $300 million for automation, artificial intelligence, and business systems, offset by ending audit consulting contracts. It creates an Audit Committee and requires the Department's audit to be done by an independent external auditor.

Full text and official record on Congress.gov

Sponsors

• Joni Ernst Republican sponsor
• 0 cosponsors