
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 31USC718]

 
                       TITLE 31--MONEY AND FINANCE
 
                           SUBTITLE I--GENERAL
 
                  CHAPTER 7--GENERAL ACCOUNTING OFFICE
 
                SUBCHAPTER II--GENERAL DUTIES AND POWERS
 
Sec. 718. Availability of draft reports

    (a) A draft report of an audit under section 714 of this title shall 
be submitted to the Financial Institutions Examination Council, the 
Federal Reserve Board, the Federal Deposit Insurance Corporation, or the 
Office of the Comptroller of the Currency for comment for 30 days.
    (b)(1) The Comptroller General may submit a part of a draft report 
to an agency for comment for more than 30 days only if the Comptroller 
General decides, after a showing by the agency, that a longer period is 
necessary and likely to result in a more accurate report. The report may 
not be delayed because the agency does not comment within the comment 
period.
    (2) When a draft report is submitted to an agency for comment, the 
Comptroller General shall make the draft report available on request 
to--
        (A) either House of Congress, a committee of Congress, or a 
    member of Congress if the report was begun because of a request of 
    the House, committee, or member; or
        (B) the Committee on Governmental Affairs of the Senate and the 
    Committee on Government Operations of the House of Representatives 
    if the report was not begun because of a request of either House of 
    Congress, a committee of Congress, or a member of Congress.

    (3) This subsection is subject to statutory and executive order 
guidelines for handling and storing classified information and material.
    (c) A final report of the Comptroller General shall include--
        (1) a statement of significant changes of a finding, conclusion, 
    or recommendation in an earlier draft report because of comments on 
    the draft by an agency;
        (2) a statement of the reasons the changes were made; and
        (3) for a draft report submitted under subsection (a) of this 
    section, written comments of the agency submitted during the comment 
    period.

(Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 894.)

                                          Historical and Revision Notes
-------------------------------------------------------------------------------
---------------------------------
           Revised Section                   Source (U.S. Code)                
Source (Statutes at Large)
-------------------------------------------------------------------------------
---------------------------------
718(a)...............................  31:67(e)(6)(B)(1st sentence).   Sept. 12
, 1950, ch. 946, 64 Stat. 832,
                                                                        Sec.  1
17(e)(6)(B); added July 21, 1978,
                                                                        Pub. L.
 95-320, Sec.  2, 92 Stat. 392.
718(b)(1)............................  31:53(f)(1), (2).               June 10,
 1921, ch. 18, 42 Stat. 20, Sec.
                                                                        312(f);
 added Apr. 3, 1980, Pub. L. 96-
                                                                        226, Se
c.  103, 94 Stat. 314.
718(b)(2)............................  31:53(f)(3).
718(b)(3)............................  31:53(f)(5).
718(c)(1)............................  31:53(f)(4)(A).
718(c)(2)............................  31:53(f)(4)(B).
718(c)(3)............................  31:67(e)(6)(B)(last sentence).
-------------------------------------------------------------------------------
---------------------------------

    In subsection (a), the words ``audit under section 714 of this 
title'' are substituted for ``such Office audit report'', and the words 
``Financial Institutions Examination Council, the Federal Reserve Board, 
the Federal Deposit Insurance Corporation, or the Office of the 
Comptroller of the Currency'' are substituted for ``agency concerned 
(other than banks, branches, and facilities)'', because of the 
restatement.
    In subsection (b)(1), the words ``The report may not be delayed 
because the agency does not comment within the comment period'' are 
substituted for 31:53(f)(2) to eliminate unnecessary words.
    In subsection (b)(2)(A), the words ``pursuant to subsection (b) of 
this section or otherwise'' are omitted as surplus.
    In subsection (b)(2)(B), the words ``if the report was not begun 
because of a request of either House of Congress, a committee of 
Congress, or a member of Congress'' are substituted for ``in the case of 
any other report'' for clarity and consistency.
    In subsection (b)(3), the words ``Procedures followed pursuant to'' 
are omitted as surplus.
    In subsection (c), before clause (1), the words ``version of any'' 
are omitted as surplus. The words ``shall include'' are substituted for 
``The Comptroller General shall prepare and issue with'' because of the 
restatement. The words ``Comptroller General'' are substituted for 
``General Accounting Office'' for consistency. In clause (3), the words 
``when a draft report was submitted under subsection (a) of this 
section'' are added because of the restatement. The words ``as an 
addendum'' are omitted as surplus.

                         Change of Name

    Committee on Government Operations of House of Representatives 
treated as referring to Committee on Government Reform and Oversight of 
House of Representatives by section 1(a) of Pub. L. 104-14, set out as a 
note preceding section 21 of Title 2, The Congress. Committee on 
Government Reform and Oversight of House of Representatives changed to 
Committee on Government Reform of House of Representatives by House 
Resolution No. 5, One Hundred Sixth Congress, Jan. 6, 1999.
