Summary: H.R.1962 — 105th Congress (1997-1998)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Passed House amended (10/21/1997)

Presidential and Executive Office Financial Accountability Act of 1997 - Provides, within the Executive Office of the President, for the designation or appointment of a Chief Financial Officer. Requires the Chief Financial Officer, to the extent that the President determines appropriate and in the interest of the United States, to have the same authority and perform the same functions as his or her Federal agency counterparts. Directs the President to: (1) notify the Congress of any provision of current law concerning chief financial officers that the President determines shall not apply to a Chief Financial Officer designated or appointed under this Act; and (2) communicate in writing, not later than 90 days after enactment, to the Chairman of the Committee on Government Reform and Oversight of the House and the Chairman of the Committee on Governmental Affairs of the Senate a plan for implementation of this Act.