From Back Room to Board Room: Federal CFO Role in Managing the Cost of Government

The landmark CFO Act of 1990 chartered a course for leaders to create high-performing, financial management practices. Challenges lie ahead as the CFO Act comes of age and moves to the next stage of maturity.

November 15, 2010, marked a red-letter day for federal financial management as the Chief Financial Officers Act of 1990 (CFO Act) celebrated its 20th anniversary. Widely heralded as the most comprehensive financial management improvement legislation in 40 years, the CFO Act has more than