S2054-118

Introduced

To ensure that the Department of Defense achieves a clean audit opinion on its financial statements.

118th Congress Introduced Jun 20, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To ensure that the Department of Defense achieves a clean audit opinion on its financial statements., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Defense.

Who Benefits and How

financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section idD59F36E463E54BC49FDD1A8AADD8680E: 1. Short title This Act may be cited as the Audit the Pentagon Act of 2023.
  • Section idFF2275846B064394997F9E2186C5D4B4: 2. Department of Defense spending reductions in the absence of an unqualified audit opinion If during any fiscal year after fiscal year 2024, the Secretary of...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To ensure that the Department of Defense achieves a clean audit opinion on its financial statements., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Key Policy Areas

Finance, Government Operations, Defense

Primary Purpose

This bill, To ensure that the Department of Defense achieves a clean audit opinion on its financial statements., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Policy Domains

Finance Government Operations Defense

Whole bill

Identified Gains
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: is
financial institutions, investors, and borrowers:
Identified Costs
  • federal implementing agencies
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: is
federal implementing agencies:
financial institutions, investors, and borrowers:

Legislative Progress

Introduced
Introduced Committee Passed
Jun 20, 2023

Mr. Sanders (for himself, Mr. Grassley, Mr. Wyden, Mr. Lee, …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Finance Government Operations Defense
Actor Mappings
"secretary_of_defense"
→ Secretary of Defense

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology