
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 31USC3516]

 
                       TITLE 31--MONEY AND FINANCE
 
                   SUBTITLE III--FINANCIAL MANAGEMENT
 
                  CHAPTER 35--ACCOUNTING AND COLLECTION
 
    SUBCHAPTER II--ACCOUNTING REQUIREMENTS, SYSTEMS, AND INFORMATION
 
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.

(Added Pub. L. 106-531, Sec. 3(a), Nov. 22, 2000, 114 Stat. 2537.)


                          Findings and Purposes

    Pub. L. 106-531, Sec. 2, Nov. 22, 2000, 114 Stat. 2537, provided 
that:
    ``(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 [see Short Title of 2000 
Amendment note set out under section 3501 of this title] 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.''


               Special Rule for Fiscal Years 2000 and 2001

    Pub. L. 106-531, Sec. 3(b), Nov. 22, 2000, 114 Stat. 2538, provided 
that: ``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.''

                  Section Referred to in Other Sections

    This section is referred to in section 1116 of this title.
