[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1962 Engrossed in House (EH)]


  1st Session

                               H. R. 1962

_______________________________________________________________________

                                 AN ACT

To provide for a Chief Financial Officer in the Executive Office of the 
                               President.
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
105th CONGRESS
  1st Session
                                H. R. 1962

_______________________________________________________________________

                                 AN ACT


 
To provide for a Chief Financial Officer in the Executive Office of the 
                               President.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Presidential and Executive Office 
Financial Accountability Act of 1997''.

SEC. 2. CHIEF FINANCIAL OFFICER IN THE EXECUTIVE OFFICE OF THE 
              PRESIDENT.

    (a) In General.--Section 901 of title 31, United States Code, is 
amended by adding at the end the following:
    ``(c)(1) There shall be within the Executive Office of the 
President a Chief Financial Officer, who shall be designated or 
appointed by the President from among individuals meeting the standards 
described in subsection (a)(3). The position of Chief Financial Officer 
established under this paragraph may be so established in any Office 
(including the Office of Administration) of the Executive Office of the 
President.
    ``(2) The Chief Financial Officer designated or appointed under 
this subsection shall, to the extent that the President determines 
appropriate and in the interest of the United States, have the same 
authority and perform the same functions as apply in the case of a 
Chief Financial Officer of an agency described in subsection (b).
    ``(3) The President shall submit to Congress notification with 
respect to any provision of section 902 that the President determines 
shall not apply to a Chief Financial Officer designated or appointed 
under this subsection.
    ``(4) The President may designate an employee of the Executive 
Office of the President (other than the Chief Financial Officer), who 
shall be deemed `the head of the agency' for purposes of carrying out 
section 902, with respect to the Executive Office of the President.''.
    (b) Plan For Implementation.--Not later than 90 days after the date 
of the enactment of this Act, the President shall communicate in 
writing to the Chairman of the Committee on Government Reform and 
Oversight of the House of Representatives and the Chairman of the 
Committee on Governmental Affairs of the Senate a plan for 
implementation of the provisions of, including the amendments made by, 
this Act.
    (c) Deadline For Appointment.--The Chief Financial Officer 
designated or appointed under section 901(c) of title 31, United States 
Code (as added by subsection (a)), shall be so designated or appointed 
not later than 180 days after the date of the enactment of this Act.
    (d) Pay.--The Chief Financial Officer designated or appointed under 
such section shall receive basic pay at the rate payable for level IV 
of the Executive Schedule under section 5315 of title 5, United States 
Code.
    (e) Transfer of Functions.--(1) The President may transfer such 
offices, functions, powers, or duties thereof, as the President 
determines are properly related to the functions of the Chief Financial 
Officer under section 901(c) of title 31, United States Code (as added 
by subsection (a)).
    (2) The personnel, assets, liabilities, contracts, property, 
records, and unexpended balances of appropriations, authorizations, 
allocations, and other funds employed, held, used, arising from, 
available or to be made available, of any office the functions, powers, 
or duties of which are transferred under paragraph (1) shall also be so 
transferred.
    (f) Separate Budget Request.--Section 1105(a) of title 31, United 
States Code, is amended by inserting after paragraph (30) the following 
new paragraph:
            ``(31) a separate statement of the amount of appropriations 
        requested to carry out the provisions of the Presidential and 
        Executive Office Financial Accountability Act of 1997.''.
    (g) Technical and Conforming Amendments.--Section 503(a) of title 
31, United States Code, is amended--
            (1) in paragraph (7) by striking ``respectively.'' and 
        inserting ``respectively (excluding any officer designated or 
        appointed under section 901(c)).''; and
            (2) in paragraph (8) by striking ``Officers.'' and 
        inserting ``Officers (excluding any officer designated or 
        appointed under section 901(c)).''.

            Passed the House of Representatives October 21, 1997.

            Attest:

                                                                 Clerk.