“Lame Duck” Congress May Take Up Modified Financial Transparency Rules
Concerning proposals imposing strict financial reporting on governments may, in an amended form, be part of late-term congressional considerations on omnibus legislation. The National Association of Counties (NACo) has offered a late-year update on the progress of newly proposed financial reporting rules that may prove burdensome and difficult for many local governments. The assessment is below - indicating that the proposal appears on target to become part of a large omnibus legislative package in December,…