This bill modernizes the Department of Veterans Affairs' financial management structure by designating the Assistant Secretary for Management as the department's Chief Financial Officer and clarifying their financial oversight responsibilities. The legislation expands the Assistant Secretary's authority to oversee budgeting, accounting, audits, and congressional reporting while creating two deputy positions—one for financial strategy and budgeting and another for financial operations and internal controls. The bill also establishes a new Legislative and Congressional Budget Information Office within the VA to provide Congress with accurate budget and financial information, staffed with no more than 15 full-time employees reporting directly to the Chief Financial Officer. Additionally, it requires chief financial officers within VA administrations to report exclusively to the Chief Financial Officer rather than local leadership, preventing conflicts between financial oversight and operational duties. The VA must complete these organizational changes within 180 days of the law's enactment.
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