Search Results: keywords:"internal control plans"

  • S. 5098 — To require certain agencies to develop plans for internal control in the event of an emergency or crisis, and for other purposes.
    Status:Introduced in Senate
    Words:839

    S. 5098, titled the "Taxpayer Resources Used in Emergencies Accountability Act" or the "TRUE Accountability Act," requires certain government agencies to create internal control plans for emergencies or crises. The bill mandates that the Office of Management and Budget (OMB)...

    Simple Explanation

    The TRUE Accountability Act is like a rulebook for some government groups so they can better handle emergencies. It tells them to make a plan to stop bad guys from cheating when the government needs to spend money quickly in an emergency.

  • S. 5098 — To require certain agencies to develop plans for internal control in the event of an emergency or crisis, and for other purposes.
    Status:Reported to Senate
    Words:1,697

    The bill, known as the “Taxpayer Resources Used in Emergencies Accountability Act” or the “TRUE Accountability Act,” requires specific U.S. government agencies to create plans for managing resources during emergencies or crises. These plans aim to enhance internal controls to minimize risks...

    Simple Explanation

    The TRUE Accountability Act wants some government teams to make special plans for using their money wisely when there are big problems or emergencies, like a superhero being ready just in case. These teams will show their plans to other big helper groups, but they won't get extra money to do it, and no one can argue in court about how they do it.