Page:United States Statutes at Large Volume 110 Part 2.djvu/134

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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.