To direct the Secretary of Defense to ensure that the audit of the financial statements of the Department of Defense for fiscal year 2024 is conducted using technology that uses artificial intelligence, and for other purposes.
The source supplies the latest action, but no lifecycle stage.
Latest action (8 Mar 2024): Referred to the Committee on Armed Services, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
What this bill does
H.R. 7603 would direct the Department of Defense to use artificial-intelligence technology in conducting the required annual audit of its financial statements for fiscal year 2024. The Under Secretary of Defense (Comptroller) and the DoD Inspector General would jointly develop this AI technology, which the Secretary of Defense would then be required to use both to perform the FY2024 audit and to help retire outdated financial management systems, provided that essential internal controls and generally accepted government auditing standards are maintained. Any funds identified through the audit as surplus due to valuation or accounting errors would be rescinded and deposited into the Treasury's General Fund for deficit reduction.
The bill primarily affects the Department of Defense's financial management and audit processes, including the Comptroller's office, the Inspector General, and the broader DoD financial systems infrastructure. It would also require the Secretary of Defense to brief the House and Senate Armed Services Committees within 180 days of enactment on the audit's progress and the AI technology developed.
The bill was introduced on March 8, 2024, by Rep. David Schweikert and referred to the House Committees on Armed Services and Appropriations. It did not receive a vote and did not advance further before the end of the 118th Congress.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
8 Mar 2024
Referred to the Committee on Armed Services, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Common questions
- What does H.R. 7603 do?
- H.R. 7603 would direct the Department of Defense to use artificial-intelligence technology in conducting the required annual audit of its financial statements for fiscal year 2024. The Under Secretary of Defense (Comptroller) and the DoD Inspector General would jointly develop this AI technology, which the Secretary of Defense would then be required to use both to perform the FY2024 audit and to help retire outdated financial management systems, provided that essential internal controls and generally accepted government auditing standards are maintained. Any funds identified through the audit as surplus due to valuation or accounting errors would be rescinded and deposited into the Treasury's General Fund for deficit reduction. The bill primarily affects the Department of Defense's financial management and audit processes, including the Comptroller's office, the Inspector General, and the broader DoD financial systems infrastructure. It would also require the Secretary of Defense to brief the House and Senate Armed Services Committees within 180 days of enactment on the audit's progress and the AI technology developed. The bill was introduced on March 8, 2024, by Rep. David Schweikert and referred to the House Committees on Armed Services and Appropriations. It did not receive a vote and did not advance further before the end of the 118th Congress.
- Has H.R. 7603 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 7603. Check the latest action and official source below.
- Who sponsored H.R. 7603?
- H.R. 7603 was sponsored by Rep. Schweikert, David [R-AZ-1] (R-AZ), with 0 cosponsors.
- What's the latest action on H.R. 7603?
- Referred to the Committee on Armed Services, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (8 Mar 2024).
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