[House Report 117-134]
[From the U.S. Government Publishing Office]


117th Congress }                                          { Report
                        HOUSE OF REPRESENTATIVES
 1st Session   }                                          { 117-134

======================================================================
 
             DISTRICT OF COLUMBIA CHIEF FINANCIAL OFFICER 
                           SALARY HOME RULE ACT

                                _______
                                

  October 1 (legislative day, September 30), 2021.--Committed to the 
 Committee of the Whole House on the State of the Union and ordered to 
                               be printed

                                _______
                                

 Mrs. Carolyn B. Maloney of New York, from the Committee on Oversight 
                  and Reform, submitted the following

                              R E P O R T

                             together with

                            ADDITIONAL VIEWS

                        [To accompany H.R. 1204]

      [Including cost estimate of the Congressional Budget Office]

    The Committee on Oversight and Reform, to whom was referred 
the bill (H.R. 1204) to amend the District of Columbia Home 
Rule Act to permit the District of Columbia to establish the 
rate of pay of the Chief Financial Officer of the District of 
Columbia, having considered the same, reports favorably thereon 
with an amendment and recommends that the bill as amended do 
pass.

                                CONTENTS

                                                                   Page
Summary and Purpose of Legislation...............................     2
Background and Need for Legislation..............................     2
Section-by-Section Analysis......................................     3
Legislative History..............................................     3
Committee Consideration..........................................     3
Explanation of Amendments........................................     3
List of Related Committee Hearings...............................     4
Statement of Oversight Findings and Recommendations of the 
  Committee......................................................     4
Statement of General Performance Goals and Objectives............     4
Application of Law to the Legislative Branch.....................     4
Duplication of Federal Programs..................................     4
Disclosure of Directed Rule Makings..............................     4
Federal Advisory Committee Act Statement.........................     4
Unfunded Mandates Reform Act Statement...........................     5
Earmark Identification...........................................     5
Committee Cost Estimate..........................................     5
New Budget Authority and Congressional Budget Office Cost 
  Estimate.......................................................     5
Changes in Existing Law Made by the Bill, as Reported............     6
Additional Views.................................................    15

    The amendment is as follows:
  Strike all after the enacting clause and insert the 
following:

SECTION 1. SHORT TITLE.

  This Act may be cited as the ``District of Columbia Chief Financial 
Officer Salary Home Rule Act''.

SEC. 2. PERMITTING DISTRICT OF COLUMBIA TO ESTABLISH RATE OF PAY OF 
                    CHIEF FINANCIAL OFFICER OF DISTRICT OF COLUMBIA.

  Section 424(b)(2)(E) of the District of Columbia Home Rule Act (sec. 
1-204.24b(b)(5), D.C. Official Code) is amended to read as follows:
                  ``(E) Pay.--The Chief Financial Officer shall be paid 
                at the greater of--
                          ``(i) a rate such that the total amount of 
                        compensation paid during any calendar year is 
                        equal to the limit on total pay which is 
                        applicable during such year under section 5307 
                        of title 5, United States Code, to an employee 
                        described in section 5307(d) of such title; or
                          ``(ii) a rate established in law by the 
                        District of Columbia, except that any rate 
                        established under this clause which is 
                        applicable to any individual serving as the 
                        Chief Financial Officer shall not be reduced 
                        during any period of such individual's service 
                        as the Chief Financial Officer.''.

                   Summary and Purpose of Legislation

    The District of Columbia Chief Financial Officer Salary 
Home Rule Act would establish a minimum rate of pay of the 
Chief Financial Officer (CFO) of the District of Columbia and 
authorize D.C. to establish a rate of pay of the CFO in law 
above the minimum rate.

                  Background and Need for Legislation

    In 1995, Congress established the CFO to manage D.C.'s 
financial operations.\1\ The District's CFO is paid with local 
funds, not federal funds, but by law, the CFO may not be paid 
at a rate greater than the maximum rate established by 
Congress.\2\ Congress has established various rates of pay of 
the CFO. Initially, Congress established a maximum rate of 
pay.\3\ Congress then established a fixed rate of pay.\4\ Most 
recently, Congress again established a maximum rate of pay.\5\
---------------------------------------------------------------------------
    \1\Pub. L. No. 104-8 (1995).
    \2\Pub. L. No. 93-198 (1973).
    \3\Id.
    \4\Pub. L. No. 107-96 (2001).
    \5\Pub. L. No. 113-71 (2013).
---------------------------------------------------------------------------
    Congress does not establish a maximum rate of pay of any 
other D.C. employee. Under the D.C. Home Rule Act, the D.C. 
Council does not have the authority to change the maximum rate 
of pay of the CFO.\6\
---------------------------------------------------------------------------
    \6\Id.
---------------------------------------------------------------------------
    The District of Columbia Chief Financial Officer Salary 
Home Rule Act was introduced at the request of D.C. to enable 
the District to recruit and retain the best candidates for CFO. 
A number of government chief financial officers are paid more 
than the District's CFO on a real basis. For example, adjusted 
for the cost of living, the chief financial officer of the City 
of San Antonio is paid approximately 70% more than the 
District's CFO.\7\
---------------------------------------------------------------------------
    \7\City of San Antonio, Total Compensation for All City of San 
Antonio Employees (online at www.sanantonio.gov/Finance/bfi/CityComp2) 
(accessed July 6, 2021).
---------------------------------------------------------------------------
    Congress established the CFO to be independent of the D.C. 
Mayor and Council. The CFO may only be removed for cause by the 
Mayor, subject to the approval of two-thirds of the members of 
the Council and a 30-day congressional review and comment 
period.\8\ The bill would preserve the independence of the CFO 
by establishing a minimum rate of pay, and, if the rate of pay 
is established by D.C., by prohibiting the Council from 
reducing the rate applicable to an individual serving as CFO 
during such individual's service.
---------------------------------------------------------------------------
    \8\Pub. L. No. 93-198 (1973).
---------------------------------------------------------------------------

                      Section-by-Section Analysis


Section 1. Short title

    The short title is the ``District of Columbia Chief 
Financial Officer Salary Home Rule Act.''

Section 2. Permitting District of Columbia to establish rate of pay of 
        Chief Financial Officer of District of Columbia

    This section provides that the CFO of the District of 
Columbia shall be paid at the greater of a rate equal to the 
limit on total pay for an employee described in 5 U.S.C. 
Sec. 5307(d), or a rate established in law by D.C. If the rate 
of pay is established by D.C., the rate applicable to an 
individual serving as CFO may not be reduced during the period 
of such individual's service.

                          Legislative History

    On February 22, 2021, Congresswoman Eleanor Holmes Norton 
(D-DC) introduced H.R. 1204, and the bill was referred to the 
Committee on Oversight and Reform.

                        Committee Consideration

    On June 29, 2021, the Committee on Oversight and Reform 
considered H.R. 1204 at a business meeting with a quorum 
present. Chairwoman Carolyn B. Maloney (D-NY) offered an 
amendment in the nature of a substitute (ANS). The ANS was 
adopted by voice vote, and the Committee ordered the bill, as 
amended, reported favorably by voice vote.

                            Roll Call Votes

    In compliance with clause 3(b) of rule XIII of the Rules of 
the House of Representatives, the Committee advises that no 
roll call votes occurred during the Committee's consideration 
of H.R. 1204.

                       Explanation of Amendments

    During Committee consideration of the bill, Chairwoman 
Carolyn B. Maloney (D-NY) offered an amendment in the nature of 
a substitute (ANS) that made minor technical changes to the 
bill. The ANS was adopted by voice vote.

                   List of Related Committee Hearings

    In accordance with section 103(i) of H. Res. 6, the 
Committee held a hearing to consider the proposals set forth in 
H.R. 1204 on March 22, 2021.

  Statement of Oversight Findings and Recommendations of the Committee

    In compliance with clause 3(c)(1) of rule XIII and clause 
(2)(b)(1) of rule X of the Rules of the House of 
Representatives, the Committee finds that the rate of pay of 
the CFO of the District of Columbia should be changed to enable 
D.C. to recruit and retain the best candidates for the CFO, 
such that the Committee recommends the adoption of the bill 
(H.R. 1204) to establish a minimum rate of pay of the CFO and 
to authorize D.C. to establish a rate of pay of the CFO in law 
above the minimum rate.

         Statement of General Performance Goals and Objectives

    In accordance with clause 3(c)(4) of rule XIII of the Rules 
of the House of Representatives, the Committee's performance 
goal or objective of the bill is to enable the District of 
Columbia to recruit and retain the best candidates for the CFO 
of the District of Columbia.

              Application of Law to the Legislative Branch

    Section 102(b)(3) of Public Law 104-1 requires a 
description of the application of the bill to the legislative 
branch where the bill relates to the terms and conditions of 
employment or access to public services and accommodations. The 
bill establishes a minimum rate of pay of the CFO of the 
District of Columbia and authorizes D.C. to establish a rate of 
pay of the CFO in law above the minimum rate. The bill does not 
relate to employment or access to public services and 
accommodations.

                    Duplication of Federal Programs

    In accordance with clause 3(c)(5) of rule XIII of the Rules 
of the House of Representatives, no provision of the bill 
establishes or reauthorizes a program of the federal government 
known to be duplicative of another federal program, a program 
that was included in any report from the Government 
Accountability Office to Congress pursuant to section 21 of 
Public Law 111-139, or a program related to a program 
identified in the most recent Catalog of Federal Domestic 
Assistance.

                  Disclosure of Directed Rule Makings

    The bill does not direct the completion of any specific 
rule makings within the meaning of section 551 of title 5, 
United States Code.

                Federal Advisory Committee Act Statement

    The bill does not establish or authorize the establishment 
of an advisory committee within the definition of section 5(b) 
of the appendix to title 5, United States Code.

                 Unfunded Mandates Reform Act Statement

    Pursuant to section 423 of the Congressional Budget Act of 
1974, the Committee includes a letter received from the 
Congressional Budget Office.

                         Earmark Identification

    The bill does not include any congressional earmarks, 
limited tax benefits, or limited tariff benefits, as defined in 
clause 9 of rule XXI of the Rules of the House of 
Representatives.

                        Committee Cost Estimate

    Pursuant to clause 3(d)(2)(B) of rule XIII of the Rules of 
the House of Representatives, the Committee includes a cost 
estimate of the bill prepared by the Director of the 
Congressional Budget Office under section 402 of the 
Congressional Budget Act of 1974.

   New Budget Authority and Congressional Budget Office Cost Estimate

    Pursuant to clause 3(c)(3) of rule XIII of the Rules of the 
House of Representatives, the cost estimate prepared by the 
Congressional Budget Office and submitted pursuant to section 
402 of the Congressional Budget Act of 1974 is as follows:

                                     U.S. Congress,
                               Congressional Budget Office,
                                   Washington, DC, October 1, 2021.
Hon. Carolyn B. Maloney,
Chairwoman, Committee on Oversight and Reform,
House of Representatives, Washington, DC.
    Dear Madam Chairwoman: The Congressional Budget Office has 
prepared the enclosed cost estimate for H.R. 1204, the District 
of Columbia Chief Financial Officer Salary Home Rule Act.
    If you wish further details on this estimate, we will be 
pleased to provide them. The CBO staff contact is Matthew 
Pickford.
            Sincerely,
                                         Phillip L. Swagel,
                                                          Director.
    Enclosure.

    
    

    H.R. 1204 would amend the District of Columbia Home Rule 
Act to allow the District of Columbia to increase the pay for 
its chief financial officer (CFO). The salary of the District's 
CFO is paid with local funds raised by the District of 
Columbia. On that basis, CBO estimates that enacting H.R. 1204 
would have no effect on the federal budget.
    The CBO staff contact for this estimate is Matthew 
Pickford. The estimate was reviewed by H. Samuel Papenfuss, 
Deputy Director of Budget Analysis.

         Changes in Existing Law Made by the Bill, as Reported

  In compliance with clause 3(e) of rule XIII of the Rules of 
the House of Representatives, changes in existing law made by 
the bill, as reported, are shown as follows (existing law 
proposed to be omitted is enclosed in black brackets, new 
matter is printed in italics, and existing law in which no 
change is proposed is shown in roman):

                   DISTRICT OF COLUMBIA HOME RULE ACT




           *       *       *       *       *       *       *
TITLE IV--THE DISTRICT CHARTER

           *       *       *       *       *       *       *



Part B--The Mayor

           *       *       *       *       *       *       *



          CHIEF FINANCIAL OFFICER OF THE DISTRICT OF COLUMBIA

  Sec. 424. (a) In General.--
          (1) Establishment.--There is hereby established 
        within the executive branch of the government of the 
        District of Columbia an Office of the Chief Financial 
        Officer of the District of Columbia (hereafter referred 
        to as the ``Office''), which shall be headed by the 
        Chief Financial Officer of the District of Columbia 
        (hereafter referred to as the ``Chief Financial 
        Officer'').
          (2) Organizational analysis.--
                  (A) Office of budget and planning.--The name 
                of the Office of Budget and Management, 
                established by Commissioner's Order 69-96, 
                issued March 7, 1969, is changed to the Office 
                of Budget and Planning.
                  (B) Office of tax and revenue.--The name of 
                the Department of Finance and Revenue, 
                established by Commissioner's Order 69-96, 
                issued March 7, 1969, is changed to the Office 
                of Tax and Revenue.
                  (C) Office of finance and treasury.--The name 
                of the Office of Treasurer, established by 
                Mayor's Order 89-244, dated October 23, 1989, 
                is changed to the Office of Finance and 
                Treasury.
                  (D) Office of financial operations and 
                systems.--The Office of the Controller, 
                established by Mayor's Order 89-243, dated 
                October 23, 1989, and the Office of Financial 
                Information Services, established by Mayor's 
                Order 89-244, dated October 23, 1989, are 
                consolidated into the Office of Financial 
                Operations and Systems.
          (3) Transfers.--Effective with the appointment of the 
        first Chief Financial Officer under subsection (b), the 
        functions and personnel of the following offices are 
        established as subordinate offices within the Office:
                  (A) The Office of Budget and Planning, headed 
                by the Deputy Chief Financial Officer for the 
                Office of Budget and Planning.
                  (B) The Office of Tax and Revenue, headed by 
                the Deputy Chief Financial Officer for the 
                Office of Tax and Revenue.
                  (C) The Office of Research and Analysis, 
                headed by the Deputy Chief Financial Officer 
                for the Office of Research and Analysis.
                  (D) The Office of Financial Operations and 
                Systems, headed by the Deputy Chief Financial 
                Officer for the Office of Financial Operations 
                and Systems.
                  (E) The Office of Finance and Treasury, 
                headed by the District of Columbia Treasurer.
                  (F) The Lottery and Charitable Games Control 
                Board, established by the Law to Legalize 
                Lotteries, Daily Numbers Games, and Bingo and 
                Raffles for Charitable Purposes in the District 
                of Columbia, effective March 10, 1981 (D.C. Law 
                3-172; D.C. Official Code Sec. 3-1301 et seq.).
          (4) Supervisor.--The heads of the offices listed in 
        paragraph (3) of this section shall serve at the 
        pleasure of the Chief Financial Officer.
          (5) Appointment and removal of office employees.--The 
        Chief Financial Officer shall appoint the heads of the 
        subordinate offices designated in paragraph (3), after 
        consultation with the Mayor and the Council. The Chief 
        Financial Officer may remove the heads of the offices 
        designated in paragraph (3), after consultation with 
        the Mayor and the Council.
          (6) Annual budget submission.--The Chief Financial 
        Officer shall prepare and annually submit to the Mayor 
        of the District of Columbia, for inclusion in the 
        annual budget of the District of Columbia government 
        for a fiscal year, annual estimates of the expenditures 
        and appropriations necessary for the year for the 
        operation of the Office and all other District of 
        Columbia accounting, budget, and financial management 
        personnel (including personnel of executive branch 
        independent agencies) that report to the Office 
        pursuant to this Act.
  (b) Appointment of the Chief Financial Officer.--
          (1) Appointment.--
                  (A) In general.--The Chief Financial Officer 
                shall be appointed by the Mayor with the advice 
                and consent, by resolution, of the Council. 
                Upon confirmation by the Council, the name of 
                the Chief Financial Officer shall be submitted 
                to the Committees on Appropriations of the 
                House of Representatives and Senate, the 
                Committee on Government Reform of the House of 
                Representatives, and the Committee on Homeland 
                Security and Governmental Affairs of the Senate 
                for a 30-day period of review and comment 
                before the appointment takes effect.
                  (B) Special rule for control years.--During a 
                control year, the Chief Financial Officer shall 
                be appointed by the Mayor as follows:
                          (i) Prior to the appointment, the 
                        Authority may submit recommendations 
                        for the appointment to the Mayor.
                          (ii) In consultation with the 
                        Authority and the Council, the Mayor 
                        shall nominate an individual for 
                        appointment and notify the Council of 
                        the nomination.
                          (iii) After the expiration of the 7-
                        day period which begins on the date the 
                        Mayor notifies the Council of the 
                        nomination under clause (ii), the Mayor 
                        shall notify the Authority of the 
                        nomination.
                          (iv) The nomination shall be 
                        effective subject to approval by a 
                        majority vote of the Authority.
          (2) Term.--
                  (A) In general.--All appointments made after 
                June 30, 2007, shall be for a term of 5 years, 
                except for appointments made for the remainder 
                of unexpired terms. The appointments shall have 
                an anniversary date of July 1.
                  (B) Transition.--For purposes of this 
                section, the individual serving as Chief 
                Financial Officer as of the date of enactment 
                of the 2005 District of Columbia Omnibus 
                Authorization Act shall be deemed to have been 
                appointed under this subsection, except that 
                such individual's initial term of office shall 
                begin upon such date and shall end on June 30, 
                2007.
                  (C) Continuance.--Any Chief Financial Officer 
                may continue to serve beyond his term until a 
                successor takes office.
                  (D) Vacancies.--Subject to paragraph (3), any 
                vacancy in the Office of Chief Financial 
                Officer shall be filled in the same manner as 
                the original appointment under paragraph (1).
                  [(E) Pay.--The Chief Financial Officer shall 
                be paid at a rate such that the total amount of 
                compensation paid during any calendar year does 
                not exceed an amount equal to the limit on 
                total pay which is applicable during the year 
                under section 5307 of title 5, United States 
                Code, to an employee described in section 
                5307(d) of such title.]
                  (E) Pay.--The Chief Financial Officer shall 
                be paid at the greater of--
                          (i) a rate such that the total amount 
                        of compensation paid during any 
                        calendar year is equal to the limit on 
                        total pay which is applicable during 
                        such year under section 5307 of title 
                        5, United States Code, to an employee 
                        described in section 5307(d) of such 
                        title; or
                          (ii) a rate established in law by the 
                        District of Columbia, except that any 
                        rate established under this clause 
                        which is applicable to any individual 
                        serving as the Chief Financial Officer 
                        shall not be reduced during any period 
                        of such individual's service as the 
                        Chief Financial Officer.
          (3) Authorizing treasurer or deputy cfo to perform 
        duties in acting capacity in event of vacancy in 
        office.--
                  (A) Service as cfo.--
                          (i) In general.--Except as provided 
                        in clause (ii), if there is a vacancy 
                        in the Office of Chief Financial 
                        Officer because the Chief Financial 
                        Officer has died, resigned, or is 
                        otherwise unable to perform the 
                        functions and duties of the Office--
                                  (I) the District of Columbia 
                                Treasurer shall serve as the 
                                Chief Financial Officer in an 
                                acting capacity, subject to the 
                                time limitation of subparagraph 
                                (B); or
                                  (II) the Mayor may direct one 
                                of the Deputy Chief Financial 
                                Officers of the Office referred 
                                to in subparagraphs (A) through 
                                (D) of subsection (a)(3) to 
                                serve as the Chief Financial 
                                Officer in an acting capacity, 
                                subject to the time limitation 
                                of subparagraph (B).
                          (ii) Exclusion of certain 
                        individuals.--Notwithstanding clause 
                        (i), an individual may not serve as the 
                        Chief Financial Officer under such 
                        clause if the individual did not serve 
                        as the District of Columbia Treasurer 
                        or as one of such Deputy Chief 
                        Financial Officers of the Office of the 
                        Chief Financial Officer (as the case 
                        may be) for at least 90 days during the 
                        1-year period which ends on the date 
                        the vacancy occurs.
                  (B) Time limitation.--A vacancy in the Office 
                of the Chief Financial Officer may not be 
                filled by the service of any individual in an 
                acting capacity under subparagraph (A) after 
                the expiration of the 210-day period which 
                begins on the date the vacancy occurs.
  (c) Removal of the Chief Financial Officer.--
          (1) In general.--The Chief Financial Officer may only 
        be removed for cause by the Mayor, subject to the 
        approval of the Council by a resolution approved by not 
        fewer than \2/3\ of the members of the Council. After 
        approval of the resolution by the Council, notice of 
        the removal shall be submitted to the Committees on 
        Appropriations of the House of Representatives and 
        Senate, the Committee on Government Reform of the House 
        of Representatives, and the Committee on Homeland 
        Security and Governmental Affairs of the Senate for a 
        30-day period of review and comment before the removal 
        takes effect.
          (2) Special rule for control years.--During a control 
        year, the Chief Financial Officer may be removed for 
        cause by the Authority or by the Mayor with the 
        approval of the Authority.
  (d) Duties of the Chief Financial Officer.--Notwithstanding 
any provisions of this Act which grant authority to other 
entities of the District government, the Chief Financial 
Officer shall have the following duties and shall take such 
steps as are necessary to perform these duties:
          (1) During a control year, preparing the financial 
        plan and the budget for the use of the Mayor for 
        purposes of subtitle A of title II of the District of 
        Columbia Financial Responsibility and Management 
        Assistance Act of 1995.
          (2) Preparing the budgets of the District of Columbia 
        for the year for the use of the Mayor for purposes of 
        part D and preparing the 5-year financial plan based 
        upon the adopted budget for submission with the 
        District of Columbia budget by the Mayor to Congress.
          (3) During a control year, assuring that all 
        financial information presented by the Mayor is 
        presented in a manner, and is otherwise consistent 
        with, the requirements of the District of Columbia 
        Financial Responsibility and Management Assistance Act 
        of 1995.
          (4) Implementing appropriate procedures and 
        instituting such programs, systems, and personnel 
        policies within the Chief Financial Officer's 
        authority, to ensure that budget, accounting, and 
        personnel control systems and structures are 
        synchronized for budgeting and control purposes on a 
        continuing basis and to ensure that appropriations are 
        not exceeded.
          (5) Preparing and submitting to the Mayor and the 
        Council, with the approval of the Authority during a 
        control year, and making public--
                  (A) annual estimates of all revenues of the 
                District of Columbia (without regard to the 
                source of such revenues), including proposed 
                revenues, which shall be binding on the Mayor 
                and the Council for purposes of preparing and 
                submitting the budget of the District 
                government for the year under part D of this 
                title, except that the Mayor and the Council 
                may prepare the budget based on estimates of 
                revenues which are lower than those prepared by 
                the Chief Financial Officer; and
                  (B) quarterly re-estimates of the revenues of 
                the District of Columbia during the year.
          (6) Supervising and assuming responsibility for 
        financial transactions to ensure adequate control of 
        revenues and resources.
          (7) Maintaining systems of accounting and internal 
        control designed to provide--
                  (A) full disclosure of the financial impact 
                of the activities of the District government;
                  (B) adequate financial information needed by 
                the District government for management 
                purposes;
                  (C) effective control over, and 
                accountability for, all funds, property, and 
                other assets of the District of Columbia; and
                  (D) reliable accounting results to serve as 
                the basis for preparing and supporting agency 
                budget requests and controlling the execution 
                of the budget.
          (8) Submitting to the Council a financial statement 
        of the District government, containing such details and 
        at such times as the Council may specify.
          (9) Supervising and assuming responsibility for the 
        assessment of all property subject to assessment and 
        special assessments within the corporate limits of the 
        District of Columbia for taxation, preparing tax maps, 
        and providing such notice of taxes and special 
        assessments (as may be required by law).
          (10) Supervising and assuming responsibility for the 
        levying and collection of all taxes, special 
        assessments, licensing fees, and other revenues of the 
        District of Columbia (as may be required by law), and 
        receiving all amounts paid to the District of Columbia 
        from any source (including the Authority).
          (11) Maintaining custody of all public funds 
        belonging to or under the control of the District 
        government (or any department or agency of the District 
        government), and depositing all amounts paid in such 
        depositories and under such terms and conditions as may 
        be designated by the Council (or by the Authority 
        during a control year).
          (12) Maintaining custody of all investment and 
        invested funds of the District government or in 
        possession of the District government in a fiduciary 
        capacity, and maintaining the safekeeping of all bonds 
        and notes of the District government and the receipt 
        and delivery of District government bonds and notes for 
        transfer, registration, or exchange.
          (13) Apportioning the total of all appropriations and 
        funds made available during the year for obligation so 
        as to prevent obligation or expenditure in a manner 
        which would result in a deficiency or a need for 
        supplemental appropriations during the year, and (with 
        respect to appropriations and funds available for an 
        indefinite period and all authorizations to create 
        obligations by contract in advance of appropriations) 
        apportioning the total of such appropriations, funds, 
        or authorizations in the most effective and economical 
        manner.
          (14) Certifying all contracts and leases (whether 
        directly or through delegation) prior to execution as 
        to the availability of funds to meet the obligations 
        expected to be incurred by the District government 
        under such contracts and leases during the year.
          (15) Prescribing the forms of receipts, vouchers, 
        bills, and claims to be used by all agencies, offices, 
        and instrumentalities of the District government.
          (16) Certifying and approving prior to payment of all 
        bills, invoices, payrolls, and other evidences of 
        claims, demands, or charges against the District 
        government, and determining the regularity, legality, 
        and correctness of such bills, invoices, payrolls, 
        claims, demands, or charges.
          (17) In coordination with the Inspector General of 
        the District of Columbia, performing internal audits of 
        accounts and operations and records of the District 
        government, including the examination of any accounts 
        or records of financial transactions, giving due 
        consideration to the effectiveness of accounting 
        systems, internal control, and related administrative 
        practices of the departments and agencies of the 
        District government.
          (18) Exercising responsibility for the administration 
        and supervision of the District of Columbia Treasurer.
          (19) Supervising and administering all borrowing 
        programs for the issuance of long-term and short-term 
        indebtedness, as well as other financing-related 
        programs of the District government.
          (20) Administering the cash management program of the 
        District government, including the investment of 
        surplus funds in governmental and non-governmental 
        interest-bearing securities and accounts.
          (21) Administering the centralized District 
        government payroll and retirement systems (other than 
        the retirement system for police officers, fire 
        fighters, and teachers).
          (22) Governing the accounting policies and systems 
        applicable to the District government.
          (23) Preparing appropriate annual, quarterly, and 
        monthly financial reports of the accounting and 
        financial operations of the District government.
          (24) Not later than 120 days after the end of each 
        fiscal year, preparing the complete financial statement 
        and report on the activities of the District government 
        for such fiscal year, for the use of the Mayor under 
        section 448(a)(4).
          (25) Preparing fiscal impact statements on 
        regulations, multiyear contracts, contracts over 
        $1,000,000 and on legislation, as required by section 
        4a of the General Legislative Procedures Act of 1975.
          (26) Preparing under the direction of the Mayor, who 
        has the specific responsibility for formulating budget 
        policy using Chief Financial Officer technical and 
        human resources, the budget for submission by the Mayor 
        to the Council and to the public and upon final 
        adoption to Congress and to the public.
          (27) Certifying all collective bargaining agreements 
        and nonunion pay proposals prior to submission to the 
        Council for approval as to the availability of funds to 
        meet the obligations expected to be incurred by the 
        District government under such collective bargaining 
        agreements and nonunion pay proposals during the year.
          (28) With respect to attorneys in special education 
        cases brought under the Individuals with Disabilities 
        Education Act in the District of Columbia during fiscal 
        year 2006 and each succeeding fiscal year--
                  (A) requiring such attorneys to certify in 
                writing that the attorney or representative of 
                the attorney rendered any and all services for 
                which the attorney received an award in such a 
                case, including those received under a 
                settlement agreement or as part of an 
                administrative proceeding, from the District of 
                Columbia;
                  (B) requiring such attorneys, as part of the 
                certification under subparagraph (A), to 
                disclose any financial, corporate, legal, 
                membership on boards of directors, or other 
                relationships with any special education 
                diagnostic services, schools, or other special 
                education service providers to which the 
                attorneys have referred any clients in any such 
                cases; and
                  (C) preparing and submitting quarterly 
                reports to the Committees on Appropriations of 
                the House of Representatives and Senate on the 
                certification of and the amount paid by the 
                government of the District of Columbia, 
                including the District of Columbia Public 
                Schools, to such attorneys.
  (e) Functions of Treasurer.--At all times, the Treasurer 
shall have the following duties:
          (1) Assisting the Chief Financial Officer in 
        reporting revenues received by the District government, 
        including submitting annual and quarterly reports 
        concerning the cash position of the District government 
        not later than 60 days after the last day of the 
        quarter (or year) involved. Each such report shall 
        include the following:
                  (A) Comparative reports of revenue and other 
                receipts by source, including tax, nontax, and 
                Federal revenues, grants and reimbursements, 
                capital program loans, and advances. Each 
                source shall be broken down into specific 
                components.
                  (B) Statements of the cash flow of the 
                District government for the preceding quarter 
                or year, including receipts, disbursements, net 
                changes in cash inclusive of the beginning 
                balance, cash and investment, and the ending 
                balance, inclusive of cash and investment. Such 
                statements shall reflect the actual, planned, 
                better or worse dollar amounts and the 
                percentage change with respect to the current 
                quarter, year-to-date, and fiscal year.
                  (C) Quarterly cash flow forecast for the 
                quarter or year involved, reflecting receipts, 
                disbursements, net change in cash inclusive of 
                the beginning balance, cash and investment, and 
                the ending balance, inclusive of cash and 
                investment with respect to the actual dollar 
                amounts for the quarter or year, and projected 
                dollar amounts for each of the 3 succeeding 
                quarters.
                  (D) Monthly reports reflecting a detailed 
                summary analysis of all District of Columbia 
                government investments, including--
                          (i) the total of long-term and short-
                        term investments;
                          (ii) a detailed summary analysis of 
                        investments by type and amount, 
                        including purchases, sales 
                        (maturities), and interest;
                          (iii) an analysis of investment 
                        portfolio mix by type and amount, 
                        including liquidity, quality/risk of 
                        each security, and similar information;
                          (iv) an analysis of investment 
                        strategy, including near-term strategic 
                        plans and projects of investment 
                        activity, as well as forecasts of 
                        future investment strategies based on 
                        anticipated market conditions, and 
                        similar information; and
                          (v) an analysis of cash utilization, 
                        including--
                                  (I) comparisons of budgeted 
                                percentages of total cash to be 
                                invested with actual 
                                percentages of cash invested 
                                and the dollar amounts;
                                  (II) comparisons of the next 
                                return on invested cash 
                                expressed in percentages 
                                (yield) with comparable market 
                                indicators and established 
                                District of Columbia government 
                                yield objectives; and
                                  (III) comparisons of 
                                estimated dollar return against 
                                actual dollar yield.
                  (E) Monthly reports reflecting a detailed 
                summary analysis of long-term and short-term 
                borrowings inclusive of debt as authorized by 
                section 603, in the current fiscal year and the 
                amount of debt for each succeeding fiscal year 
                not to exceed 5 years. All such reports shall 
                reflect--
                          (i) the amount of debt outstanding by 
                        type of instrument;
                          (ii) the amount of authorized and 
                        unissued debt, including availability 
                        of short-term lines of credit, United 
                        States Treasury borrowings, and similar 
                        information;
                          (iii) a maturity schedule of the 
                        debt;
                          (iv) the rate of interest payable 
                        upon the debt; and
                          (v) the amount of debt service 
                        requirements and related debt service 
                        reserves.
          (2) Such other functions assigned to the Chief 
        Financial Officer under subsection (d) as the Chief 
        Financial Officer may delegate.
  (f) Definitions.--For purposes of this section (and sections 
424a and 424b)--
          (1) the term ``Authority'' means the District of 
        Columbia Financial Responsibility and Management 
        Assistance Authority established under section 101(a) 
        of the District of Columbia Financial Responsibility 
        and Management Assistance Act of 1995;
          (2) the term ``control year'' has the meaning given 
        such term under section 305(4) of such Act; and
          (3) the term ``District government'' has the meaning 
        given such term under section 305(5) of such Act.

           *       *       *       *       *       *       *


                            ADDITIONAL VIEWS

    The Chief Financial Officer (CFO) plays an essential role 
in managing the District of Columbia's multi-billion-dollar 
budget and the 1,700 staff responsible for the financial 
operations of the District. The CFO should be compensated at a 
competitive rate commensurate with the responsibilities for 
such a position. Committee on Oversight and Reform Republicans 
supported the advancement of H.R. 1204 at a June 29th Committee 
business meeting. The District, which is a recipient of federal 
grants, but exercises certain autonomous functions under the 
District of Columbia Home Rule Act, is responsible for managing 
and addressing its financial challenges. Republicans believe in 
a strong and efficient Washington, D.C., managed locally and 
overseen by Congress. Attracting talented officials to help in 
this mission is made possible by offering competitive 
compensation. As the CFO position is paid by local, and not 
federal funds, matters of compensation for the District's 
executive officials are best handled at a local level rather 
than dictated by Congress.
    However, House Republicans are also rightfully skeptical of 
any effort by the Democrat majority to advance Home Rule 
reforms for the District after the repeated attempts by House 
Democrats to pass unconstitutional, and politically motivated, 
D.C. statehood legislation in the 116th and 117th Congresses. 
House Republicans are wise to question the intentions behind 
H.R. 1204 when the Democrat majority offers no assurances that 
the District's current CFO role will remain in its current 
independent structure and not be transformed into a State 
Treasurer position through the unconstitutional design of H.R. 
51, the Washington, D.C. Admission Act. Despite these concerns, 
the District still requires a competent CFO, which this bill 
aims to accomplish.

                                               James Comer,
                                          Ranking Member, Committee
                                           on Oversight and Reform.

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