H.R. 3958 · 110th Congress · 2007–2008
Truth in Accounting Act of 2007
H.R. 3958 in the 110th Congress (2007–2008) was introduced on Oct 24, 2007, sponsored by Michele Bachmann with 53 co-sponsors.
During the 110th Congress (2007–2008), George W. Bush was president, and Democrats held the House majority and Republicans the Senate majority.
- Status
- Introduced
- Introduced
- Oct 24, 2007
- Co-sponsors
- 53
- Policy area
- Economics and Public Finance
What it does
Truth in Accounting Act of 2007 - Requires the Secretary of the Treasury to include in the audited financial statement of executive branch accounts of the previous year a calculation of the net present value of the overall fiscal exposures of the U.S. government.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Michele Bachmann (R-MN). Co-sponsors: 1 Democrat, 52 Republicans.
Where it stands
- IntroducedOct 24, 2007
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the Subcommittee on Government Management, Organization, and Procurement. (Nov 14, 2007)
More bills from Michele Bachmann in the 110th Congress
Other Economics and Public Finance bills in the 110th Congress
- H.J.Res. 20: Revised Continuing Appropriations Resolution, 2007
- H.R. 2206: U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations…
- H.J.Res. 52: Making continuing appropriations for the fiscal year 2008, and for other purposes.
- H.J.Res. 69: Making further continuing appropriations for the fiscal year 2008, and for other purposes.
- H.J.Res. 72: Making further continuing appropriations for the fiscal year 2008, and for other purposes.
- H.R. 2764: Consolidated Appropriations Act, 2008
- H.R. 5140: Economic Stimulus Act of 2008
- H.R. 2642: Supplemental Appropriations Act, 2008
- S. 496: Appalachian Regional Development Act Amendments of 2008
- H.J.Res. 1: Proposing a balanced budget amendment to the Constitution of the United States.
Committees
- Oversight and Accountability Committee
- Budget Committee
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 3958 (110th Congress): Truth in Accounting Act of 2007,” https://www.capitolreceipts.com/bill/110-hr-3958/truth-in-accounting-act-of-2007 (accessed 2026-10-17).