[Congressional Record Volume 161, Number 91 (Tuesday, June 9, 2015)]
[Senate]
[Pages S3945-S3946]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1914. Mr. SANDERS submitted an amendment intended to be proposed 
to amendment SA 1463 proposed by Mr. McCain to the bill H.R. 1735, to 
authorize appropriations for fiscal year 2016 for military activities 
of the Department of Defense, for military construction, and for 
defense activities of the Department of Energy, to prescribe military 
personnel strengths for such fiscal year, and for other purposes; which 
was ordered to lie on the table; as follows:


[[Page S3946]]


       After section 1002, insert the following:

     SEC. 1002A. AUDIT READINESS OF THE FINANCIAL STATEMENTS OF 
                   THE DEPARTMENT OF DEFENSE.

       (a) Findings.--Congress makes the following findings:
       (1) Article 1, Section 9 of the Constitution of the United 
     States requires of the agencies of the Federal Government, 
     including the Department of Defense, that ``a regular 
     Statement and Account of the Receipts and Expenditures of all 
     public Money shall be published from time to time''.
       (2) Congress passed a series of laws in the 1990s, 
     beginning with the Chief Financial Officers Act of 1990, to 
     require that all Government agencies and departments obtain 
     opinions on their financial statements.
       (3) On September 10, 2001, former Secretary of Defense 
     Donald Rumsfeld, stated that ``[a]ccording to some estimates, 
     we cannot track $2,300,000,000 in transactions. We cannot 
     share information from floor to floor in this building 
     because it's stored on dozens of technological systems that 
     are inaccessible or incompatible''.
       (4) The National Defense Authorization Act for Fiscal Year 
     2010 codified a statutory requirement that the Department of 
     Defense financial statements be validated as ready for audit 
     not later than September 30, 2017.
       (5) On April 21, 2015, the Deputy Chief Management Officer 
     of the Department of Defense testified before the Committee 
     on Armed Services of the Senate that ``I have long been 
     skeptical of the ability of the Department to achieve the 
     statutory timeline for producing auditable financial 
     statements''.
       (6) In September 2010, the Government Accountability Office 
     stated that past expenditures by the Department of Defense of 
     $5,800,000,000 to improve financial information, and billions 
     of dollars more of anticipated expenditures on new 
     information technology systems for that purpose, may not 
     suffice to achieve full audit readiness of the financial 
     statement of the Department.
       (7) During his confirmation hearing in 2015, Secretary of 
     Defense Ashton Carter submitted testimony stating that ``[i]t 
     is time that DoD finally lives up to its moral and legal 
     obligation to be accountable to those who pay its bills. I 
     intend to do everything we can--including holding people to 
     account--to get this done''.
       (8) The financial management practices of the Department of 
     Defense have been on the ``High Risk'' list of the Government 
     Accountability Office since 1995. As a result of poor 
     financial management, the Department is unable to ``control 
     costs; ensure basic accountability; anticipate future costs 
     and claims on the budget; measure performance; maintain funds 
     control; and prevent and detect fraud, waste, and abuse''.
       (b) Financial Audit Fund.--The Secretary of Defense shall 
     establish a fund to be known as the ``Financial Audit Fund'' 
     (in this section referred to as the ``Fund'') for the purpose 
     of supporting initiatives, programs, and activities that will 
     assist the organizations, components, and elements of the 
     Department of Defense in--
       (1) improving the audit readiness of the financial 
     statements of such organizations, components, and elements;
       (2) obtaining unmodified audit opinions of the financial 
     statements of such organizations, components, and elements; 
     and
       (3) maintaining unmodified audit opinions of the financial 
     statements of such organizations, components, and elements.
       (c) Elements.--Amounts in the Fund shall include the 
     following:
       (1) Amounts appropriated to the Fund.
       (2) Amounts transferred to the Fund under subsection (e).
       (3) Any other amounts authorized for transfer or deposit 
     into the Fund by law.
       (d) Availability.--
       (1) In general.--Amounts in the Fund shall be available for 
     initiatives, programs, and activities described in subsection 
     (b) that are approved by the Secretary to support and 
     maintain the audit readiness of the financial statement of 
     the organizations, components, and elements of the Department 
     of Defense.
       (2) Transfer.--Amounts in the Fund may be transferred to 
     any other account of the Department in order to fund 
     initiatives, programs, and activities described in paragraph 
     (1). Any amounts transferred from the Fund to an account 
     shall be merged with amounts in the account to which 
     transferred and shall be available subject to the same terms 
     and conditions as amounts in such account, except that 
     amounts so transferred shall remain available until expended. 
     The authority to transfer amounts under this paragraph is in 
     addition to any other authority of the Secretary to transfer 
     amounts by law.
       (3) Priority.--In approving initiatives, programs, and 
     activities to be funded with amounts in the Fund, the 
     Secretary shall accord a priority to initiatives, programs, 
     and activities that are designed to maintain unmodified audit 
     opinions of financial statement of organizations, components, 
     and elements of the Department that have previously obtained 
     unmodified audit opinions of their financial statements.
       (e) Failure To Achieve Audit Readiness.--
       (1) Reduction in amount available.--Subject to paragraph 
     (2), if during any fiscal year after fiscal year 2017 the 
     Secretary determines that an organization, component, or 
     element of the Department has not achieved audit readiness of 
     its financial statements for the calender year ending during 
     such fiscal year--
       (A) the amount available to such organization, component, 
     or element for the fiscal year in which such determination is 
     made shall be equal to--
       (i) the amount otherwise authorized to be appropriated for 
     such organization, component, or element for the fiscal year, 
     minus
       (ii) an amount equal to 0.5 percent of the amount described 
     in clause (i); and
       (B) the Secretary shall deposit in the Fund pursuant to 
     subsection (b)(2) all amounts unavailable to organizations, 
     components, and elements of the Department in the fiscal year 
     pursuant to determinations made under subparagraph (A).
       (2) Inapplicability to amounts for military personnel.--Any 
     reduction applicable to an organization, component, or 
     element of the Department under paragraph (1) for a fiscal 
     year shall not apply to amounts, if any, available to such 
     organization, component, or element for the fiscal year for 
     military personnel.
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