H.R. 6589 would require the Department of Veterans Affairs (VA) to provide the Congress a plan to address the material weaknesses that were described in the department’s financial statements. The bill also would require VA’s Chief Financial Officer (CFO) to attest that the CFO is responsible for the department’s internal financial controls. Finally, the bill would require the CFO to participate in the selection of CFOs for subordinate administrations of the department. VA already completes most of the bill’s requirements. Using information from VA about current agency practices, CBO estimates that satisfying the requirements of the bill would cost less than $500,000 over the 2020-2025 period; such spending would be subject to the availability of appropriated funds.
