1. Short title This Act may be cited as the CFO Vision Act of 2020 . 2. Chief financial officers; governmentwide financial management plan (a) Chief Financial Officer and Deputy Chief Financial Officer Chapter 9 of title 31, United States Code, is amended— (1) in section 902(a)— (A) in the matter preceding paragraph (1), by striking An and inserting It shall be the duty and responsibility of each agency Chief Financial Officer to oversee and provide leadership in the areas of budget formulation and execution, planning and performance, risk management, internal controls, financial systems, and accounting. In carrying out the preceding sentence, each ; (B) in paragraph (3)— (i) in subparagraph (C), by inserting areas and before systems ; and (ii) in subparagraph (D)— (I) in clause (iii), by striking and at the end; (II) in clause (iv), by striking performance; and inserting performance and integration of performance and cost information; and ; and (III) by adding at the end the following: (v) annual agency financial statements prepared in accordance with United States generally accepted accounting principles; . (C) by redesignating paragraph (8) as paragraph (10); (D) by redesignating paragraphs (5) through (7) as paragraphs (6) through (8), respectively; (E) by inserting after paragraph (4) the following: (5) prepare, in consultation with financial management and other appropriate experts, an agency plan to implement the 4-year financial management plan prepared by the Director of the Office of Management and Budget under section 3512(a)(2) of this title and to achieve and sustain effective financial management in the agency, which shall— (A) be completed within 90 days of the issuance of a governmentwide plan under section 3512(a)(2) of this title; (B) be revised as determined necessary by the Chief Financial Officer; (C) include performance-based financial management metrics against which the financial management performance of the agency shall be assessed