Congress·In Committee·H.R. 7683

VA: Financial Management and Budget Oversight Changes

VA Fiscal Management Modernization Act

Legislative Progress

House

Senate

President

Law

This bill changes how the Department of Veterans Affairs (VA) handles its money by giving more power to a single Chief Financial Officer. This person will be responsible for planning the budget, auditing spending, and making sure the agency follows federal laws about how taxpayer money is used.
A new office called the Legislative and Congressional Budget Information Office would be created within the VA. This small team of up to 15 people would have one job: giving Congress accurate and "certified" information about how the VA is spending its money so lawmakers can better oversee the agency.
The plan changes who VA financial workers report to. Instead of reporting to local managers at veterans' hospitals or regional offices, top financial officers would report directly to the main Chief Financial Officer. This is meant to keep the people managing the money independent from the people running the programs.
The bill also increases the number of high-level leadership positions at the VA to help manage these new financial rules. If this bill passes, the VA would have about six months to reorganize its management structure to comply with the new requirements.

2 milestones2 actions

Feb 25, 2026House

Referred to the House Committee on Veterans' Affairs.

Feb 25, 2026

Introduced in House

Document Type

Congressional Bill

Official Title

VA Fiscal Management Modernization Act

Bill NumberHR 7683

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the House Committee on Veterans' Affairs.

Congress.gov

Official legislative information

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