Summary: S.2712 — 106th Congress (1999-2000)All Information (Except Text)

There is one summary for S.2712. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (06/12/2000)

Reports Consolidation Act of 2000 - Authorizes the head of an executive agency to: (1) 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 (including financial and performance management reports) described in this Act; and (2) submit such a consolidated report not later than 150 days after the end of the agency's fiscal year.

Requires such a consolidated report: (1) that incorporates the agency's program performance report to be referred to as a performance and accountability report; (2) that does not incorporate the agency's program performance report to contain a summary of the most significant portions, including the agency's success in achieving key performance goals; (3) to include a statement by the agency's inspector general that summarizes the agency's most serious management and performance challenges; and (4) to include a transmittal letter from the agency head containing an assessment of the completeness and reliability of the performance and financial data used in the report.

Sets forth a special rule for the submission of such consolidated reports with respect to FY 2000 and 2001.

Amends provisions relating to financial statements of Federal agencies to: (1) require the agency head to submit to Congress (currently, just to the Director) audited financial statements covering the agency's overall financial position and operations; and (2) repeal submission requirements for certain other such statements.

Amends provisions relating to program performance reports to require that each such report contain a completeness and reliability assessment, unless such a report is incorporated into a consolidated report.