PUBLIC LAW 106-531—NOV. 22, 2000 114 STAT. 2537 Public Law 106-531 106th Congress An Act To amend chapter 35 of title 31, United States Code, to authorize the consoUdation Nov. 22, 2000 of certain financial and performance management reports required of Federal [S. 2712] agencies, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled. Reports Consolidation Act SECTION 1. SHORT TITLE. of 2000. 31 USC 3501 This Act may be cited as the "Reports Consolidation Act of note. 2000". SEC. 2. FINDINGS AND PURPOSES. 31 USC 3516 (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 are— (1) to authorize and encourage the consolidation of financial and performance mginagement 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. , SEC. 3. CONSOLIDATED REPORTS. (a) IN GENERAL. —Chapter 35 of title 31, United States Code, is amended by adding at the end the following: "§ 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
�
