RECEIPTS Act

The RECEIPTS Act (S 3902) requires the Department of Defense to obtain an unqualified audit opinion on its financial statements by December 31, 2028. If this deadline is missed, the bill mandates that future financial leaders (including the Under Secretary of Defense for Comptroller) must be Certified Public Accountants with experience managing agencies that have received unqualified audits, requires transferring non-defense payroll services from DFAS to other government entities, and authorizes $300 million for AI and business systems to improve financial management. If the deadline is met, the DoD would gain enhanced authority to reprogram funds without congressional approval. The bill aims to improve financial accountability and transparency in the Department of Defense's financial management.