The Tax Dollar Accountability Act would require states and local governments that receive federal money to provide the Comptroller General of the United States with access to their budget records, financial documents, contracts, and other materials needed to audit how federal funds are spent. States would have to grant this access within 120 days after the end of each fiscal year and then annually thereafter. If a state refuses to provide these records and documents, the federal government could withhold, suspend, or restrict federal funding to that state until it complies. The bill is designed to increase federal oversight of how states use taxpayer money and ensure proper accounting of federal grants and other funds flowing to state and local governments.
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