Chief Financial Officer for Financial Management

(a) Establishment There is authorized to be in the Department a Chief Financial Officer for Financial Management who shall be responsible to the Under Secretary for Management for all departmental financial management services, programs, and systems activities on a global scale, and such other related duties as the Secretary may from time to time designate. (b) Responsibilities In addition to the responsibilities described in subsection (a), the Chief Financial Officer shall maintain continuous observation and coordination of all matters pertaining to budget, planning, and financial services in the conduct of foreign policy, including, as appropriate— (1) establishing policies and procedures for financial management in the Department; (2) issuing operational guidance to ensure transparency, accountability, and effectiveness in the use of Department funds; and (3) carrying out such other related duties as the Under Secretary for Management may from time to time designate. (c) Bureau of Financial Management (1) Establishment The Secretary shall establish a Bureau of Financial Management of the Department, which shall perform such functions related to budgetary requests and resource planning, performance management, budgetary applications, financial management, and internal controls as the Under Secretary for Management may prescribe. (2) Head The Chief Financial Officer shall be the head of the Bureau of Financial Management. (d) Authorization of appropriations Of the funds authorized to be appropriated to the Under Secretary for Management under this Act, the Chief Financial Officer for Financial Management shall receive the funds necessary to fulfill bureau missions and responsibilities for fiscal year 2026 and 2027.