General Accounting Office Act

General Accounting Office Act - Title I: Enforcement of Decisions and Settlements - Authorizes the Comptroller General, in the performance of any of his functions, to institute a civil action in the United States District Court for the District of Columbia for declaratory relief whenever he has reasonable cause to believe that any officer or employee of the executive branch is about to expend public funds in an illegal manner.

Provides that delays in payment beyond the date due and owing in payment for goods or services delivered to and accepted by the United States shall be paid with six percent interest for the time it has been withheld.

Title II: Enforcement of Access to Records of Non-Federal Persons and Organizations - Gives the Comptroller General the authority to issue subpenas requiring the production of records of non-Federal persons or organizations to which he has a right of access by law or agreement.

Title III: Enforcement of Access to Records of Federal Departments and Establishments - Authorizes the Comptroller General to bring an action in the United States District Court of the District of Columbia against the head of any department or establishment to compel the furnishing of any information, books, documents, papers, or records if such request is not met within twenty days.

Title IV: Profits Study - Authorizes the Comptroller General to conduct studies of all profits made by contractors having Government contracts aggregating $1,000,000 or more in the most recent fiscal year.