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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7603 Introduced in House (IH)]

<DOC>

118th CONGRESS
  2d Session
                                H. R. 7603

  To direct the Secretary of Defense to ensure that the audit of the 
financial statements of the Department of Defense for fiscal year 2024 
 is conducted using technology that uses artificial intelligence, and 
                          for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             March 8, 2024

Mr. Schweikert introduced the following bill; which was referred to the 
   Committee on Armed Services, and in addition to the Committee on 
   Appropriations, for a period to be subsequently determined by the 
  Speaker, in each case for consideration of such provisions as fall 
           within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL

 
  To direct the Secretary of Defense to ensure that the audit of the 
financial statements of the Department of Defense for fiscal year 2024 
 is conducted using technology that uses artificial intelligence, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. USE OF TECHNOLOGY USING ARTIFICIAL INTELLIGENCE TO 
              FACILITATE AUDIT OF THE FINANCIAL STATEMENTS OF THE 
              DEPARTMENT OF DEFENSE FOR FISCAL YEAR 2024.

    (a) Development of AI Technology for Audits.--The Under Secretary 
of Defense (Comptroller) and the Inspector General of the Department of 
Defense shall jointly develop technology that uses artificial 
intelligence for the purpose of facilitating audits of the financial 
statements of the Department.
    (b) Use of Technology.--The Secretary of Defense shall ensure 
that--
            (1) the audit of the financial statements of the Department 
        of Defense for fiscal year 2024, as required under section 240a 
        of title 10, United States Code, is performed using the 
        technology developed under subsection (a); and
            (2) the technology developed under subsection (a) is used 
        to accelerate the retirement of older financial management 
        systems used by the Department without compromising essential 
        controls or generally accepted Government auditing standards.
    (c) Treatment of Surplus Funds.--Any amounts identified in such 
audit as being surplus to the needs of the Department of Defense by 
reason of future valuation and accounting errors shall be rescinded and 
deposited in the General Fund of the Treasury to be used for deficit 
reduction.
    (d) Briefing.--Not later than 180 days after the date of the 
enactment of this Act, the Secretary shall provide to the Committees on 
Armed Services of the Senate and House of Representatives a briefing 
on--
            (1) the progress of the audit of the financial statements 
        of the Department of Defense for fiscal year 2024; and
            (2) the technology developed pursuant to subsection (a).
                                 <all>
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