Tax Dollar Accountability Act

The Tax Dollar Accountability Act requires states and local governments that receive federal funds to provide the Comptroller General with access to their financial records, budgets, and contracts for audits and evaluations. Under this bill, these entities must submit such documents annually within 120 days after the end of each fiscal year. If a state fails to comply with this request, the Office of Management and Budget is authorized to withhold, suspend, or condition future federal funding until access is granted.