The bill proposes amendments to existing legislation concerning the management and oversight of financial practices within the Office of the Chief Financial Officer (OCFO) of the District of Columbia. It introduces new provisions that emphasize ethical standards, including the importance of confidentiality regarding financial information and prohibiting employees from accepting gifts that could be perceived as bribes. The bill outlines specific expectations for OCFO employees, such as avoiding conflicts of interest and reporting any offers of bribes, while also detailing the consequences for failing to comply with these standards.

Additionally, the bill establishes a confidential hotline for reporting allegations of misconduct, fraud, waste, and abuse related to OCFO programs, managed by an independent third-party organization to ensure anonymity. It also outlines the process for reporting incidents to the District of Columbia Office of the Inspector General, providing accessible channels for oversight and accountability. Overall, the bill aims to foster a culture of integrity and transparency in government dealings, ensuring fair and ethical conduct in financial operations.