To amend title 31, United States Code, to improve cash management of funds transferred between the Federal Government and the States, and for other purposes.
Cash Management Improvement Act of 1990 - Amends Federal law to require each head of an executive agency (other than the Tennessee Valley Authority) to provide for the timely disbursement of Federal funds through cash, checks, electronic funds transfer, or any other means identified by the Secretary of the Treasury. Authorizes the Secretary to collect a charge from any agency which does not comply with such requirement. Requires the Secretary to prescribe implementing regulations.
Revises provisions regarding intergovernmental transfers of funds and provides for the payment of interest on such funds until the time that they are disbursed. Directs the Secretary to issue implementing regulations.
Directs the Secretary to make all reasonable efforts to enter into an agreement with each State relating to procedures and requirements for transfers of funds between executive agencies and States, by not later than two years after the date of enactment of this Act.
Requires, four years after the date of enactment, the Comptroller General to report to the Congress on an audit of the implementation of cash management procedures set up by the Federal/State agreements.
Referred to the Subcommittee on Legislation and National Security.
Placed on the Union Calendar, Calendar No. 434.
Mr. Conyers moved to suspend the rules and pass the bill, as amended.
The chair announced that a second on the motion to suspend the rules is not required.
Considered under suspension of the rules.
DEBATE - The House proceeded with forty minutes of debate.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 5, rule I, the chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays (2/3 required): 410 - 4 (Roll No. 362).
Roll Call #362 (House)On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays (2/3 required): 410 - 4 (Roll No. 362).
Roll Call #362 (House)Motion to reconsider laid on the table Agreed to without objection.
Enacted as Public Law 101-453
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Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 852.
Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.
Passed Senate without amendment by Voice Vote.
Measure Signed in Senate.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 101-453.
Became Public Law No: 101-453.