VA Fiscal Management Modernization Act

HR 7683, the VA Fiscal Management Modernization Act, updates the Department of Veterans Affairs' (VA) financial management structure. It expands the role of the Chief Financial Officer (CFO) to include specific duties like budget execution, financial audits, and compliance with federal financial rules. The bill creates two new Deputy Assistant Secretaries for Management (one focused on budget/strategy and one on operations/internal controls, requiring a career appointee) and establishes a dedicated Legislative and Congressional Budget Information Office (LCBI) within the Office of Management. The LCBI Office, limited to 15 full-time staff, will exclusively provide Congress with certified, timely financial data about the VA, aiming to improve transparency in budget reporting.