[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6560 Introduced in House (IH)]
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117th CONGRESS
2d Session
H. R. 6560
To eliminate or modify certain mandates of the Government
Accountability Office, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 2, 2022
Ms. Brown of Ohio (for herself, Mrs. Carolyn B. Maloney of New York,
and Mr. Keller) introduced the following bill; which was referred to
the Committee on Financial Services, and in addition to the Committees
on Energy and Commerce, Ways and Means, Transportation and
Infrastructure, House Administration, Oversight and Reform, and the
Judiciary, for a period to be subsequently determined by the Speaker,
in each case for consideration of such provisions as fall within the
jurisdiction of the committee concerned
_______________________________________________________________________
A BILL
To eliminate or modify certain mandates of the Government
Accountability Office, 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 ``GAO Audit Mandates Revision Act of
2022''.
SEC. 2. AUDITS MODIFIED.
(a) Export-Import Bank Loan and Guarantee Transactions.--Section
17(a) of the Export-Import Bank Reauthorization Act of 2012 (12 U.S.C.
635a-6(a)) is amended by striking ``and periodically (but not less
frequently than every 4 years) thereafter,''.
(b) Patient-Centered Outcomes Research Institute.--Section
1181(g)(2) of the Social Security Act (42 U.S.C. 1320e(g)(2)) is
amended--
(1) in the paragraph heading, by striking ``Annual'';
(2) in subparagraph (A)--
(A) by striking clause (i); and
(B) by redesignating clauses (ii) through (vi) as
clauses (i) through (v), respectively; and
(3) by amending subparagraph (B) to read as follows:
``(B) Reports.--Not later than April 1 of each year
for which a review was conducted under subparagraph
(A), the Comptroller General of the United States shall
submit to Congress a report containing the results of
the review with respect to preceding years, together
with recommendations for such legislation and
administrative action as the Comptroller General
determines appropriate.''.
(c) Bureau of Consumer Financial Protection.--
(1) Audit.--Section 1017(a)(5) of the Dodd-Frank Wall
Street Reform and Consumer Protection Act (12 U.S.C.
5497(a)(5)) is amended to read as follows:
``(5) Audit of the bureau.--The Bureau shall prepare and
submit to Congress and the Director of the Office of Management
and Budget an audited financial statement for each fiscal year,
covering all accounts and associated activities of each office,
bureau, and activity of the Bureau. The audited financial
statement shall include the balance sheet, the statement of net
cost, the statement of changes in net position, the statement
of budgetary resources, and such comments and information as
may be deemed necessary to inform Congress of the financial
operations and condition of the Bureau. The Office of Inspector
General of the Board of Governors of the Federal Reserve System
and the Bureau of Consumer Financial Protection shall provide
for an audit of the financial statements of the Bureau on an
annual basis by an independent external auditor in accordance
with the United States generally accepted government auditing
standards as may be prescribed by the Comptroller General of
the United States.''.
(2) Repeal.--
(A) In general.--Section 1016A of the Consumer
Financial Protection Act of 2010 (12 U.S.C. 5496a) is
repealed.
(B) Clerical amendment.--The table of contents
under section 1(b) of the Dodd-Frank Wall Street Reform
and Consumer Protection Act is amended by striking the
item relating to section 1016A.
(3) Application.--The amendments made by paragraphs (1) and
(2) shall apply to any audit performed under section 1017 of
the Dodd-Frank Wall Street Reform and Consumer Protection Act
(12 U.S.C. 5497) or section 1016A of the Consumer Financial
Protection Act of 2010 (12 U.S.C. 5496a), as amended by
paragraphs (1) and (2), with respect to a fiscal year beginning
on or after October 1, 2022.
(d) Federal Housing Finance Agency.--
(1) In general.--Section 1316 of the Federal Housing
Enterprises Financial Safety and Soundness Act of 1992 (12
U.S.C. 4516) is amended--
(A) in subsection (g)(4), by striking ``Comptroller
General of the United States'' and inserting ``auditor
of the financial statements of the Agency''; and
(B) by striking subsection (h) and inserting the
following:
``(h) Audit of Agency.--The Agency shall prepare and submit to
Congress and the Director of the Office of Management and Budget an
audited financial statement for each fiscal year, covering all accounts
and associated activities of each office, bureau, and activity of the
Agency. The audited financial statement shall include the consolidated
balance sheet, the consolidated statement of net cost, the consolidated
statement of changes in net position, the combined statement of
budgetary resources, and such comments and information as may be deemed
necessary to inform Congress of the financial operations and condition
of the Agency. The Agency shall provide for an audit of the financial
statements of the Agency on an annual basis by an independent external
auditor in accordance with the United States generally accepted
government auditing standards as may be prescribed by the Comptroller
General of the United States.''.
(2) Application.--The amendment made by paragraph (1) shall
apply to any audit performed under section 1316 of the Federal
Housing Enterprises Financial Safety and Soundness Act of 1992
(12 U.S.C. 4516), as amended, with respect to a fiscal year
beginning on or after October 1, 2022.
(e) Federal Civil Penalties Inflation Adjustment Act of 1990.--The
Federal Civil Penalties Inflation Adjustment Act of 1990 (28 U.S.C.
2461 note) is amended by striking section 7(c).
(f) Report on Highway Trust Fund Administrative Expenditures.--
Section 1433 of the Fixing America's Surface Transportation Act (23
U.S.C. 101 note) is amended in subsection (b) by striking ``and every 5
years thereafter''.
(g) United States Capitol Preservation Commission.--Section 804 of
the Arizona-Idaho Conservation Act of 1988 (2 U.S.C. 2084) is repealed.
(h) Senate Preservation Fund.--Section 3(c)(6) of the Legislative
Branch Appropriations Act, 2004 (2 U.S.C. 2108(c)(6)) is repealed.
(i) Review of the Annual Audit of the Congressional Award
Foundation.--Section 107 of the Congressional Award Act (2 U.S.C. 807)
is amended--
(1) in subsection (b), by striking ``and to the Comptroller
General of the United States''; and
(2) by striking subsection (c).
(j) GAO Recurring Reporting Requirement in GPRAMA.--Subsection
(b)(2)(C)(ii) of section 15 of the GPRA Modernization Act of 2010
(Public Law 111-352) is amended--
(1) in clause (I), by striking ``; and'' and inserting a
semicolon;
(2) in clause (II), by striking the period at the end and
inserting ``; and''; and
(3) by adding at the end the following:
``(III) beginning after the date of
enactment of this subclause, periodic
reports on the evaluation under clause
(i).''.
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