Taxpayer Funds Oversight and Accountability Act

The governmentwide 4-year financial management plan must now include strategies for enabling data sharing in accordance with applicable law and joint fraud prevention initiatives with state and local governments (including DC, territories, and federally recognized Indian tribes) that administer federally funded programs or disburse federal funds.

Development of the 4-year financial management plan must now be done in consultation with additional entities: the Chief Information Officers Council, the Chief Data Officer Council, the Chief Acquisition Officers Council, and the Government Accountability Office, in addition to the existing requirement to consult the CFOs Council.

The 4-year financial management plan is now required to be included within the Federal Government performance plan described in section 1115, rather than within the President's Management Agenda.

The list of senior agency personnel with whom CFOs must coordinate is now explicitly 'including but not limited to' the named positions (Chief Data Officer, Chief Information Officer, etc.), broadening the scope beyond just those listed roles.

Reports under section 902 must now be made publicly available and submitted to the Comptroller General and appropriate committees of Congress, in addition to the Director of OMB.

Removed the requirement that annual agency financial statements be prepared in accordance with accounting standards 'as determined by the Director of the Office of Management and Budget consistent with section 3512.' Now simply requires preparation in accordance with applicable accounting standards, removing OMB's explicit role in setting those standards.

Various grammatical and punctuation fixes throughout, including changing 'coordinate' to 'coordinating' in paragraph (10), capitalizing 'Public Law,' and adjusting semicolons and commas in multiple provisions.