110 STAT. 1308
PUBLIC LAW 104-132—APR. 24, 1996
(f) REPORT.— The Commission shall transmit a report to the
Congress and the public not later than 2 years after a quorum
of the Commission has been appointed. The report shall contain
a detailed statement of the findings and conclusions of the Commission, together with the Commission's recommendations for such
actions as the Commission considers appropriate.
(g) TERMINATION.— The Commission shall terminate 30 days
after submitting the report required by this section.
18 USC 470 note. SEC. 807. COMBATTING INTERNATIONAL COUNTERFEITING OF UNITED
STATES CURRENCY.
(a) IN GENERAL. —The Secretary of the Treasury (hereafter
in this section referred to as the "Secretary"), in consultation with
the advanced counterfeit deterrence steering committee, shall—
(1) study the use and holding of United States currency
in foreign countries; and
(2) develop useful estimates of the amount of counterfeit
United States currency that circulates outside the United States
each year.
(b) EVALUATION AUDIT PLAN. —
(1) IN GENERAL.— The Secretary shall develop an effective
international evaluation audit plan that is designed to enable
the Secretary to carry out the duties described in subsection
(a) on a regular and thorough basis.
(2) SUBMISSION OF DETAILED WRITTEN SUMMARY.— The Secretary shall submit a detailed written summary of the evaluation audit plan developed pursuant to paragraph (1) to the
Congress before the end of the 6-month period beginning on
the date of the enactment of this Act.
(3) FIRST EVALUATION AUDIT UNDER PLAN.— The Secretary
shall begin the first evaluation audit pursuant to the evaluation
audit plan no later than the end of the 1-year period beginning
on the date of the enactment of this Act.
(4) SUBSEQUENT EVALUATION AUDITS.— At least 1 evaluation
audit shall be performed pursuant to the evaluation audit plan
during each 3-year period beginning after the date of the
commencement of the evaluation audit referred to in paragraph
(3).
(c) REPORTS. —
(1) IN GENERAL. — The Secretary shall submit a written
report to the Committee on Banking and Financial Services
of the House of Representatives and the Committee on Banking,
Housing, and Urban Affairs of the Senate on the results of
each evaluation audit conducted pursuant to subsection (b)
within 90 days after the completion of the evaluation audit.
(2) CONTENTS.— In addition to such other information as
the Secretary may determine to be appropriate, each report
submitted to the Congress pursuant to paragraph (1) shall
include the following information:
(A) A detailed description of the evaluation audit process and the methods used to develop estimates of the
amount of counterfeit United States currency in circulation
outside the United States.
(B) The method used to determine the currency sample
examined in connection with the evaluation audit and a
statistical analysis of the sample examined.
�
