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The Future of Federal Financial Management (Vision)
2019 Progress Statement
Survey of Agency CFOs (December 2019)
S. 3287 – CFO Vision Act of 2020
Friday, May 29, 2020 at 10:00am - 11:45am
Congress enacted the CARES Act on March 27th and by May 8th, the Treasury had issued approximately 130 million direct Economic Impact Payments to Americans — totaling more than $200 billion — to help mitigate the financial burden of the coronavirus pandemic. Even more remarkable, these payments were made in the midst of the IRS tax filing season’s regular surge of tax refunds.
These payments were made by the Department of the Treasury’s Bureau of the Fiscal Service, which handles all spending and borrowing activities for the federal government. The commissioner for the Fiscal Service, Timothy Gribben, will share how the Fiscal Service is doing its yeoman work in the midst of the coronavirus.
In addition to its highly operational role, the Fiscal Service also is a focal point for the federal government’s financial management operations. Given this longer-term mission, Mr. Gribben will also share how the Fiscal Service is crafting a vision of the role of chief financial officers in the future. This is especially timely given that this year is the 30th anniversary of the Chief Financial Officers Act and there are a number of proposals in Congress and professional associations to update its provisions.
This session will be closed to media and not for attribution.
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