[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 2712 Enrolled Bill (ENR)]

        S.2712

                       One Hundred Sixth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

           Begun and held at the City of Washington on Monday,
             the twenty-fourth day of January, two thousand


                                 An Act


 
 To amend chapter 35 of title 31, United States Code, to authorize the 
 consolidation of certain financial and performance management reports 
          required of Federal agencies, and for other purposes.

    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 ``Reports Consolidation Act of 2000''.

SEC. 2. FINDINGS AND PURPOSES.

    (a) Findings.--Congress finds that--
        (1) existing law imposes numerous financial and performance 
    management reporting requirements on agencies;
        (2) these separate requirements can cause duplication of effort 
    on the part of agencies and result in uncoordinated reports 
    containing information in a form that is not completely useful to 
    Congress; and
        (3) pilot projects conducted by agencies under the direction of 
    the Office of Management and Budget demonstrate that single 
    consolidated reports providing an analysis of verifiable financial 
    and performance management information produce more useful reports 
    with greater efficiency.
    (b) Purposes.--The purposes of this Act are--
        (1) to authorize and encourage the consolidation of financial 
    and performance management reports;
        (2) to provide financial and performance management information 
    in a more meaningful and useful format for Congress, the President, 
    and the public;
        (3) to improve the quality of agency financial and performance 
    management information; and
        (4) to enhance coordination and efficiency on the part of 
    agencies in reporting financial and performance management 
    information.

SEC. 3. CONSOLIDATED REPORTS.

    (a) In General.--Chapter 35 of title 31, United States Code, is 
amended by adding at the end the following:

``Sec. 3516. Reports consolidation

    ``(a)(1) With the concurrence of the Director of the Office of 
Management and Budget, the head of an executive agency may adjust the 
frequency and due dates of, and consolidate into an annual report to 
the President, the Director of the Office of Management and Budget, and 
Congress any statutorily required reports described in paragraph (2). 
Such a consolidated report shall be submitted to the President, the 
Director of the Office of Management and Budget, and to appropriate 
committees and subcommittees of Congress not later than 150 days after 
the end of the agency's fiscal year.
    ``(2) The following reports may be consolidated into the report 
referred to in paragraph (1):
        ``(A) Any report by an agency to Congress, the Office of 
    Management and Budget, or the President under section 1116, this 
    chapter, and chapters 9, 33, 37, 75, and 91.
        ``(B) The following agency-specific reports:
            ``(i) The biennial financial management improvement plan by 
        the Secretary of Defense under section 2222 of title 10.
            ``(ii) The annual report of the Attorney General under 
        section 522 of title 28.
        ``(C) Any other statutorily required report pertaining to an 
    agency's financial or performance management if the head of the 
    agency--
            ``(i) determines that inclusion of that report will enhance 
        the usefulness of the reported information to decision makers; 
        and
            ``(ii) consults in advance of inclusion of that report with 
        the Committee on Governmental Affairs of the Senate, the 
        Committee on Government Reform of the House of Representatives, 
        and any other committee of Congress having jurisdiction with 
        respect to the report proposed for inclusion.
    ``(b) A report under subsection (a) that incorporates the agency's 
program performance report under section 1116 shall be referred to as a 
performance and accountability report.
    ``(c) A report under subsection (a) that does not incorporate the 
agency's program performance report under section 1116 shall contain a 
summary of the most significant portions of the agency's program 
performance report, including the agency's success in achieving key 
performance goals for the applicable year.
    ``(d) A report under subsection (a) shall include a statement 
prepared by the agency's inspector general that summarizes what the 
inspector general considers to be the most serious management and 
performance challenges facing the agency and briefly assesses the 
agency's progress in addressing those challenges. The inspector general 
shall provide such statement to the agency head at least 30 days before 
the due date of the report under subsection (a). The agency head may 
comment on the inspector general's statement, but may not modify the 
statement.
    ``(e) A report under subsection (a) shall include a transmittal 
letter from the agency head containing, in addition to any other 
content, an assessment by the agency head of the completeness and 
reliability of the performance and financial data used in the report. 
The assessment shall describe any material inadequacies in the 
completeness and reliability of the data, and the actions the agency 
can take and is taking to resolve such inadequacies.''.
    (b) Special Rule for Fiscal Years 2000 and 2001.--Notwithstanding 
paragraph (1) of section 3516(a) of title 31, United States Code (as 
added by subsection (a) of this section), the head of an executive 
agency may submit a consolidated report under such paragraph not later 
than 180 days after the end of that agency's fiscal year, with respect 
to fiscal years 2000 and 2001.
    (c) Technical and Conforming Amendment.--The table of sections for 
chapter 35 of title 31, United States Code, is amended by inserting 
after the item relating to section 3515 the following:
``3516. Reports consolidation.''.
SEC. 4. AMENDMENTS RELATING TO AUDITED FINANCIAL STATEMENTS.
    (a) Financial Statements.--Section 3515 of title 31, United States 
Code, is amended--
        (1) in subsection (a), by inserting ``Congress and the'' before 
    ``Director''; and
        (2) by striking subsections (e) through (h).
    (b) Elimination of Report.--Section 3521(f) of title 31, United 
States Code, is amended--
        (1) in paragraph (1)--
            (A) by striking ``subsections (a) and (f)'' and inserting 
        ``subsection (a)''; and
            (B) by striking ``(1)''; and
        (2) by striking paragraph (2).
SEC. 5. AMENDMENTS RELATING TO PROGRAM PERFORMANCE REPORTS.
    (a) Report Due Date.--
        (1) In general.--Section 1116(a) of title 31, United States 
    Code, is amended by striking ``No later than March 31, 2000, and no 
    later than March 31 of each year thereafter,'' and inserting ``Not 
    later than 150 days after the end of an agency's fiscal year,''.
        (2) Special rule for fiscal years 2000 and 2001.--
    Notwithstanding subsection (a) of section 1116 of title 31, United 
    States Code (as amended by paragraph (1) of this subsection), an 
    agency head may submit a report under such subsection not later 
    than 180 days after the end of that agency's fiscal year, with 
    respect to fiscal years 2000 and 2001.
    (b) Inclusion of Information in Financial Statement.--Section 
1116(e) of title 31, United States Code, is amended to read as follows:
    ``(e)(1) Except as provided in paragraph (2), each program 
performance report shall contain an assessment by the agency head of 
the completeness and reliability of the performance data included in 
the report. The assessment shall describe any material inadequacies in 
the completeness and reliability of the performance data, and the 
actions the agency can take and is taking to resolve such inadequacies.
    ``(2) If a program performance report is incorporated into a report 
submitted under section 3516, the requirements of section 3516(e) shall 
apply in lieu of paragraph (1).''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.