The United States Senate this week approved Senate Budget Committee Chairman Mike Enzi (R-WY) and Senator Mark Warner’s (D-VA) legislation, the CFO Vision Act of 2020, S. 3287, to strengthen federal financial management. The bipartisan bill would update the Chief Financial Officers (CFO) Act of 1990. That law established a financial management leadership structure, provided for long-range planning, and required audited financial statements.