Increased Oversight of VA Budget and Ban on Executive Bonuses During Shortfalls.
This law increases Congressional oversight of the Department of Veterans Affairs (VA) finances, requiring quarterly reports on budget shortfalls. If emergency funding is needed, senior executives at the VA and the Office of Management and Budget (OMB) are prohibited from receiving bonuses. The goal is to improve accountability and financial stability, ensuring better and more predictable care for veterans.
Key points
The VA must provide Congress with quarterly updates on its budget status and plans to cover any financial shortfalls.
If the VA requires emergency, additional funding, senior executives (Senior Executive Service) at the VA central office and OMB will not receive bonuses or cash awards for that fiscal year.
A report detailing all new VA employment positions created since October 2022, including compensation and bonuses, is required within one year.
Status:
Expired
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