Statement and Account Clause

E670118

The Statement and Account Clause is a provision in the U.S. Constitution that requires the federal government to regularly publish a public accounting of all money received and spent.

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Label Occurrences
Statement and Account Clause canonical 1

Statements (48)

Predicate Object
instanceOf constitutional clause
provision of the United States Constitution
aimsToProtect public oversight of government finances
taxpayer knowledge of government spending
alsoKnownAs Accounts Clause NERFINISHED
Statement and Accounts Clause NERFINISHED
Statement of Accounts Clause
appliesTo Treasury of the United States NERFINISHED
expenditures of all public money
federal government of the United States NERFINISHED
receipts of all public money
country United States of America
dateOfOrigin 1788
draftedAt Constitutional Convention in Philadelphia NERFINISHED
draftedIn 1787
effectiveFrom June 21, 1788
enforcedBy United States Congress NERFINISHED
foundIn Article I, Section 9, Clause 7 of the U.S. Constitution NERFINISHED
governs public disclosure of federal receipts and expenditures
publication of federal financial statements
hasDomain constitutional law
government transparency
public finance
hasEffectOn federal accounting practices
federal budgeting process
public access to information about federal finances
hasLegalEffect requires periodic publication of statements and accounts of public money
requires that no money be drawn from the Treasury except by appropriations made by law
hasPurpose to ensure fiscal transparency of the federal government
to inform the public about government receipts and expenditures
to promote accountability in federal spending
hasText "No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time."
hasType fiscal clause
transparency clause
inLanguage English
interpretedBy Supreme Court of the United States
isBasisFor federal financial reporting requirements
statutory requirements for publication of federal budget information
locatedInDocument Article I of the United States Constitution NERFINISHED
Article I, Section 9 of the United States Constitution NERFINISHED
Article I, Section 9, Clause 7 of the United States Constitution NERFINISHED
partOf United States Constitution
relatedTo Appropriations Clause NERFINISHED
congressional control over public funds
power of the purse
requires publication of a public accounting of all money received and spent by the federal government
regular statement of receipts and expenditures of all public money
scope all public money of the United States

Referenced by (1)

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