PUBLIC LAW 101-576 —NOV. 15, 1990 104 STAT. 2839 ment and in each major executive agency in the Federal Government. (2) Provide for improvement, in each agency of the Federal Government, of systems of accounting, financial management, and internal controls to assure the issuance of reliable financial information and to deter fraud, waste, and abuse of Government resources. (3) Provide for the production of complete, reliable, timely, and consistent financial information for use by the executive branch of the Government and the Congress in the financing, management, and evaluation of Federal programs. TITLE II—ESTABLISHMENT OF CHIEF FINANCIAL OFFICERS SEC. 201. DEPUTY DIRECTOR FOR MANAGEMENT. Section 502 of title 31, United States Code, as amended by this Act, is amended— (1) by redesignating subsections (c), (d), and (e), as amended by this section, as subsections (d), (e), and (f); and (2) by inserting after subsection (b) the following: "(c) The Office has a Deputy Director for Management appointed by the President, by and with the advice and consent of the Senate. The Deputy Director for Management shall be the chief official responsible for financial management in the United States Government.". SEC. 202. FUNCTIONS OF DEPUTY DIRECTOR FOR MANAGEMENT. (a) CLERICAL AMENDMENTS.— Sections 503 and 504 of title 31, United States Code, are redesignated in order as sections 505 and 506, respectively. (b) FUNCTIONS OF DEPUTY DIRECTOR FOR MANAGEMENT.— Subchapter I of chapter 5 of title 31, United States Code, is amended by inserting after section 502 the following: "§ 503. Functions of Deputy Director for Management "(a) Subject to the direction and approval of the Director, the Deputy Director for Management shall establish governmentwide financial management policies for executive agencies and shall perform the following financial management functions: "(1) Perform all functions of the Director, including all functions delegated by the President to the Director, relating to financial management. "(2) Provide overall direction and leadership to the executive branch on financial management matters by establishing financial management policies and requirements, and by monitoring the establishment and operation of Federal Government financial management systems. "(3) Review agency budget requests for financial management systems and operations, and advise the Director on the resources required to develop and effectively operate and maintain Federal Government financial management systems and to correct major deficiencies in such systems. "(4) Review and, where appropriate, recommend to the Director changes to the budget and legislative proposals of agencies to ensure that they are in accordance with financial management plans of the Office of Management and Budget.
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