S. 75, also known as the "Improving Federal Financial Management Act," aims to enhance the management and oversight of financial activities across U.S. federal agencies. It revises the roles and responsibilities of Chief Financial Officers and introduces a 4-year...
Simple Explanation
S. 75 wants to make sure that all the money stuff in the government works better by having a plan for four years and checking if everything is being done right. It talks about making sure everyone in charge of money, like the Chief Financial Officer, knows exactly what they should do so there's no confusion.