Federal Management Reorganization and Cost Control Act of 1986 : 99th Congress , 1986
1986
99th Congress
Federal Management Reorganization and Cost Control Act of 1986 : 99th Congress , 1986
1986
99th Congress
“Federal Management Reorganization and Cost Control Act of 1986 - Title I: Improving Federal Management - Reorganizes the Office of Management and Budget (OMB) by establishing an Executive Deputy Director (currently Deputy Director), a Deputy Director for Management and Finance, and a Deputy Director for Budget. Sets forth the duties of the Deputy Director for Management and Finance, including general management improvement, human resources management, and productivity improvement. Assigns specified budget functions to the Deputy Director for Budget. Establishes the Office of Financial Management in OMB to be headed by an Administrator who shall report directly to the Deputy Director for Management and Finance on Federal financial management policy. Requires the Director of OMB, within one year of enactment of this Act, to transmit to the Congress: (1) a statement of objectives for the financial management activities of the Federal Government; and (2) a five-year plan to meet such objectives. Requires the Comptroller General to report to the Congress an analysis and comments on such plan. Establishes the position of agency controller in each executive agency to conduct, supervise, and coordinate agency financial management functions.”
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