Today, Congressman William Timmons (SC-04) announced that two of his bills advanced unanimously through the House Committee on Oversight and Accountability during a full committee markup, a key step toward consideration on the House floor. 

The legislation, the Timely and Accurate Benefits Act (H.R. 1755) and the Taxpayer Funds Oversight and Accountability Act (H.R. 8340), both focus on improving oversight of federal spending and cracking down on waste, fraud, and abuse that cost taxpayers billions each year.

“Washington has a spending problem and an accountability problem,” said Congressman Timmons. “These bills take direct aim at both by making sure taxpayer dollars are tracked, verified, and spent the way Congress intended, so that we can restore trust and deliver results for the American people.”

The Timely and Accurate Benefits Act (H.R. 1755) ensures federally funded benefit programs reach only eligible recipients by requiring states to use modern verification tools before distributing funds. The bill mandates the use of the U.S. Treasury’s Do Not Pay system to confirm eligibility before payments are sent out. It also updates how income is counted so eligibility decisions reflect how Americans earn money today, including contract income, gig work, and rental income. States will be required to identify gaps in their systems and develop plans to address them. Medicaid alone saw $37.4 billion in improper payments in fiscal year 2025. That is exactly the kind of waste these reforms are designed to prevent.

The Taxpayer Funds Oversight and Accountability Act (H.R. 8340), bipartisan legislation co-led by Congressman Timmons and Congressman Min (D-CA), modernizes federal financial management standards that have not been updated in more than three decades. The bill strengthens the role of agency Chief Financial Officers by clearly assigning responsibility for internal controls, financial systems, and risk management, while requiring agencies to connect spending decisions to measurable performance outcomes. It also establishes a four-year governmentwide financial management plan with clear metrics and requires agencies to publicly report their progress. 

“We are putting accountability where it belongs and giving states the tools they need to verify eligibility and prevent waste. Every dollar misspent is a dollar taken from taxpayers and from those who truly need these programs,” said Congressman Timmons.

Congressman Timmons' bills are also supported by the National Taxpayers Union. “This bill fills an implementation gap in federal benefit programs that rely on state or local governments to administer, and should save millions in taxpayer dollars,” said the National Taxpayers Union. “Taken together, these bills should help stop fraud before it actually occurs, potentially saving taxpayers billions of dollars over the budget window.”

Both bills now move forward in the legislative process as House Republicans continue efforts to rein in waste, fraud, and abuse across the federal government.

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