summary
Introduced
05/19/2021
05/19/2021
In Committee
05/19/2021
05/19/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To ensure that the Department of Defense achieves a clean audit opinion on its financial statements.
AI Summary
This bill, the Audit the Pentagon Act of 2021, aims to ensure the Department of Defense (DoD) achieves a clean audit opinion on its financial statements. The key provisions of the bill are: 1) If the DoD or any of its components do not receive an unqualified (clean) audit opinion for a fiscal year after 2022, the funding for that component will be reduced by 1.0%; 2) The reduction will be applied proportionally across all programs, projects, and activities of the component; and 3) The funds made unavailable due to the audit failures will be deposited into the general Treasury for deficit reduction. The goal of the bill is to incentivize the DoD to improve its financial management practices and achieve auditable financial statements.
Committee Categories
Military Affairs and Security
Sponsors (8)
Bernie Sanders (I)*,
Mike Braun (R),
Chuck Grassley (R),
Mike Lee (R),
Jeff Merkley (D),
Rand Paul (R),
Elizabeth Warren (D),
Ron Wyden (D),
Last Action
Read twice and referred to the Committee on Armed Services. (on 05/19/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/1707/all-info |
| BillText | https://www.congress.gov/117/bills/s1707/BILLS-117s1707is.pdf |
| Bill | https://www.congress.gov/117/bills/s1707/BILLS-117s1707is.pdf.pdf |
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