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| U.S. Senate Committee on Homeland Security and Governmental Affairs |
| Subcommittee on Federal Financial Management, Government Information, and International Security |
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| Title: Congress’ Role in Federal Financial Management: Is it Efficient, Accountable, and Transparent in the Way it Appropriates Funds? |
| Date: 5/25/06 |
| Time (EST): 2:30 PM |
| Place: Dirksen Senate Office Building, Rm. 342 |
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Three decades ago, the 1974 Congressional Budget Act gave Congress the tools it needed to develop budget priorities independent of the Executive Branch. Since then, the process has been changed in an attempt to ensure fiscal restraint in the passage of each year’s budget resolution. Congress plays a critical role in determining the financial management of agencies through the funds that it appropriates. But Congress itself has a powerful role in Federal Financial Management through the financial controls it sets on itself. What is Congress’ role in ensuring efficiency, accountability, solvency, and stewardship of the federal government? This hearing will discuss Congress’ role and effectiveness in the federal budget process, as well as ways it can improve the management of federal funds.
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| Member
Statements |
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| Witnesses
Testimony
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Panel 1
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The Honorable
David M. Walker
[View
PDF]
, Comptroller General
, United States Government Accountability Office
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Panel 2
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James C. Miller, III
[View
PDF]
, Former Director, Office of Management and Budget
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Dr.
Douglas Holtz-Eakin
[View
PDF]
, Former Director, Congressional Budget Office
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The Honorable
Tim Penny
[View
PDF]
, Former Congressman
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Panel 3
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Chris Edwards
[View
PDF]
, Director of Tax Policy Studies
, Cato Institute
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Maya MacGuineas
[View
PDF]
, President, Committee for a Responsible Federal Budget
, New America Foundation
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