U.S. Representatives K. Michael Conaway (R-Texas) and Brad Sherman (D-Calif.) and U.S. Senators Mike Enzi (R-Wyo.) and Ron Johnson (R-Wisc.) announced today the organization of the Congressional Caucus on CPAs and Accountants for the 113th Congress. Caucuses must be reformed and reapproved each Congress.
The caucus will allow Congress' 12 CPAs and accountants a forum to discuss and advance innovative policies on issues affecting CPAs, including tax administration and compliance, accounting and auditing standards. The caucus' members will also use their accountancy experience to provide input on budgetary and fiscal issues.
Other members are Reps. John Campbell (R-Calif.), Bill Flores (R-Texas), Lynn Jenkins (R-Kan.), Patrick Murphy (D-Fla.), Steven Palazzo (R-Miss.), Collin Peterson (D-Minn.), Jim Renacci (R-Ohio) and Tom Rice (R-S.C.).
"The members of the Congressional Caucus on CPAs and Accountants have specialized experience in budgeting, taxes and accounting. We know what it means to draft a budget -- and stick to it. I look forward to working with my fellow CPAs and accountants in Congress to share our perspectives and knowledge with the rest of our colleagues," Rep. Conaway said.
"The CPA caucus allows us to educate our colleagues about the importance of the accounting profession to American business and to share our expertise in financial accounting, budgeting and tax administration. Our bipartisan, bicameral structure ensures that members on both sides of the aisle in both the House and Senate get a straightforward CPA perspective to the critical fiscal and budgeting issues facing the country," Rep. Sherman said.
"Fiscal sanity begins with knowing the numbers, and no one knows numbers better than accountants. I am honored to remain a co-chair of the congressional CPA caucus, and I'm glad to see more accountants in legislative positions. I look forward to working with my colleagues to address our fiscal crisis and to get America's finances in order," Sen. Enzi said.
"I've always said that Washington needs more people with practical, private sector experience -- and that Congress could use more elected officials with a background managing budgets. I'm pleased to be joining with colleagues on both sides of the aisle who bring this sort of experience. Hopefully a team of accountants will help drive fiscal responsibility," Sen. Johnson said.