Taxpayer Resources Used in Emergencies Accountability Act

This bill requires federal agencies responsible for emergency response (covered agencies) to create internal control plans for managing taxpayer funds during disasters or health emergencies. Agencies must identify a senior official accountable for these plans and assess fraud or improper payment risks before spending emergency funds. The Office of Management and Budget (OMB) must issue guidance within 180 days, and agencies must submit their plans to OMB within one year of enactment, with updates every three years. Annual reports on these plans will also be submitted to Congress. The law aims to improve accountability for emergency spending without subjecting OMB or agency actions to judicial review.