I 

116TH CONGRESS 

2D SESSION H. R. 7602 

To amend the Federal Funding Accountability and Transparency Act of 

2006 to require additional information to be posted by Federal agencies, 

and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 13, 2020 

Mr. STEIL (for himself, Mr. TIFFANY, Mr. GOODEN, Mr. GROTHMAN, and 

Mrs. HARTZLER) introduced the following bill; which was referred to the 

Committee on Oversight and Reform 

A BILL 

To amend the Federal Funding Accountability and Transparency Act of 2006 to require additional information 

to be posted by Federal agencies, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Fiscal Transparency 

5 Act of 2020’’. 

6 SEC. 2. AMENDMENTS. 

7 (a) FULL DISCLOSURE OF FEDERAL FUNDS.—Sec8 tion 3 of the Federal Funding Accountability and TransVerDate Sep 11 2014 21:28 Aug 06, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H7602.IH H7602

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1 parency Act of 2006 (31 U.S.C. 6101 note) is amended 

2 by adding at the end the following new subsection: 

3 ‘‘(c) ANNUAL BUDGET AND FINANCIAL PROFILES OF

4 FEDERAL AGENCIES AND THEIR COMPONENTS.— 

5 ‘‘(1) IN GENERAL.—Within 150 days after the 

6 end of each fiscal year, the head of each Federal 

7 agency shall post the following: 

8 ‘‘(A) An annual budget and financial pro9 file for the Federal agency covering the pre10 vious fiscal year. 

11 ‘‘(B) In the case of a Federal agency that 

12 has two or more components, a separate profile 

13 for each component of the Federal agency cov14 ering the previous fiscal year, such that each 

15 profile when printed would be expected to be 

16 approximately two pages in length. 

17 ‘‘(C) A financial profile for the previous 

18 two years for the Federal agency and each com19 ponent of the Federal agency, if applicable. 

20 ‘‘(2) CONTENTS OF FINANCIAL PROFILE.—The 

21 financial profile required pursuant to paragraph (1) 

22 shall include the following with respect to the Fed23 eral agency: 


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1 ‘‘(A) A brief, narrative overview of the mis2 sion, organization, activities, and statutory au3 thorities. 

4 ‘‘(B) A simplified organization chart de5 picting the offices and organizational compo6 nents. 

7 ‘‘(C) A consolidated description of the 

8 overall budgetary resources and full-time equiv9 alent workforce, broken down by mandatory 

10 and discretionary funding, and discussion of 

11 how the agency if funded, such as through an12 nual and supplemental appropriations Acts, in13 cluding identification of significant offsetting 

14 collections and their sources, and permanent 

15 appropriations. 

16 ‘‘(D) A list of each component or account, 

17 as appropriate, including for each component or 

18 account, as appropriate— 

19 ‘‘(i) a breakdown of discretionary and 

20 mandatory budgetary resources; and 

21 ‘‘(ii) related full-time equivalents of 

22 Federal employees. 

23 ‘‘(E) An identification of programmatic 

24 areas, including any component of the Federal 


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1 agency, including for each identified pro2 grammatic area— 

3 ‘‘(i) a breakdown of discretionary and 

4 mandatory budgetary resources, obliga5 tions, and outlays; and 

6 ‘‘(ii) an identification of whether the 

7 programmatic area funds activities of non8 Federal entities. 

9 ‘‘(F) A brief description of the results of 

10 the most recent financial audit by the Federal 

11 agency. 

12 ‘‘(G) Web links to the website, plans, and 

13 reports, the website of the Inspector General of 

14 the Federal agency, and data sources. 

15 ‘‘(H) The percentage of the Federal budget 

16 that the Federal agency accounts for. 

17 ‘‘(3) CONTENTS OF FINANCIAL PROFILE FOR

18 THE COMPONENT.—The profile for a component of 

19 a Federal agency shall include the following with re20 spect to the component of the Federal agency: 

21 ‘‘(A) A brief, narrative overview of the mis22 sion, organization, major activities, and major 

23 statutory authorities. 

24 ‘‘(B) A simplified organization chart de25 picting the major organizational units. 


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1 ‘‘(C) A consolidated description of the 

2 overall budgetary resources, broken down by 

3 mandatory and discretionary funding, and dis4 cussing of how the component is funded, such 

5 as through annual and supplemental appropria6 tions acts, including identification of significant 

7 offsetting collections and their sources, and per8 manent appropriations. 

9 ‘‘(D) A list of the accounts and other sub10 allocations of funding, as appropriate, including 

11 for each account or suballocation— 

12 ‘‘(i) a breakdown of discretionary and 

13 mandatory budgetary resources; 

14 ‘‘(ii) related full-time equivalents of 

15 Federal employees. 

16 ‘‘(E) An identification of major pro17 grammatic areas, including for each identified 

18 programmatic area— 

19 ‘‘(i) a breakdown of discretionary and 

20 mandatory budgetary resources, obliga21 tions, and outlays; and 

22 ‘‘(ii) an identification whether the pro23 grammatic area funds activities of non24 Federal entities. 


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1 ‘‘(F) A brief description of any findings of 

2 the most recent financial audit of the Federal 

3 agency that are related to the component. 

4 ‘‘(G) Web links to the website, plans, re5 ports, and data sources. 

6 ‘‘(H) The percentage of the budget of the 

7 Federal agency that the component accounts 

8 for. 

9 ‘‘(4) PUBLICATION.—Not later than 150 days 

10 after the date of the enactment of this subsection, 

11 and annually thereafter, the Secretary, in consulta12 tion with the Director, shall ensure that the infor13 mation in subsection (b) is posted on the website es14 tablished under section 2. 

15 ‘‘(5) DEFINITIONS.—In this subsection: 

16 ‘‘(A) COMPONENT.—The term ‘component’ 

17 means a major organizational unit, such as a 

18 bureau, administration, or office within a Fed19 eral agency. 

20 ‘‘(B) FEDERAL AGENCY.—The term ‘Fed21 eral agency’ means those agencies listed in sec22 tion 901(b) of tile 31, United States Code.’’. 

23 (b) TECHNICAL AND CONFORMING AMENDMENT.— 

24 Section 2(a)(3) of the Federal Funding Accountability and 

25 Transparency Act of 2006 (31 U.S.C. 6101 note) is 


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1 amended by striking ‘‘The term’’ and inserting ‘‘Except 

2 as otherwise provided, the term’’. 

3 (c) DEADLINE.—With respect to the fiscal year in 

4 which this Act is enacted, if there are fewer than 150 days, 

5 the head of each Federal agency (as defined in section 3(c) 

6 of the Federal Funding Accountability and Transparency 

7 Act of 2006 (31 U.S.C. 6101 note), as amended by sub8 section (a)) shall have 150 days to meet the requirements 

9 of the amendments made by this section for such fiscal 

10 year beginning on the date of the enactment of this Act. 

Æ 


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