I 

117TH CONGRESS 

2D SESSION H. R. 6560 

To eliminate or modify certain mandates of the Government Accountability 

Office, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 2, 2022 

Ms. BROWN of Ohio (for herself, Mrs. CAROLYN B. MALONEY of New York, 

and Mr. KELLER) introduced the following bill; which was referred to the 

Committee on Financial Services, and in addition to the Committees on 

Energy and Commerce, Ways and Means, Transportation and Infrastructure, House Administration, Oversight and Reform, and the Judiciary, 

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 eliminate or modify certain mandates of the Government 

Accountability Office, 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 ‘‘GAO Audit Mandates 

5 Revision Act of 2022’’. 


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1 SEC. 2. AUDITS MODIFIED. 

2 (a) EXPORT-IMPORT BANK LOAN AND GUARANTEE

3 TRANSACTIONS.—Section 17(a) of the Export-Import 

4 Bank Reauthorization Act of 2012 (12 U.S.C. 635a–6(a)) 

5 is amended by striking ‘‘and periodically (but not less fre6 quently than every 4 years) thereafter,’’. 

7 (b) PATIENT-CENTERED OUTCOMES RESEARCH IN8 STITUTE.—Section 1181(g)(2) of the Social Security Act 

9 (42 U.S.C. 1320e(g)(2)) is amended— 

10 (1) in the paragraph heading, by striking ‘‘AN11 NUAL’’; 

12 (2) in subparagraph (A)— 

13 (A) by striking clause (i); and 

14 (B) by redesignating clauses (ii) through 

15 (vi) as clauses (i) through (v), respectively; and 

16 (3) by amending subparagraph (B) to read as 

17 follows: 

18 ‘‘(B) REPORTS.—Not later than April 1 of 

19 each year for which a review was conducted 

20 under subparagraph (A), the Comptroller Gen21 eral of the United States shall submit to Con22 gress a report containing the results of the re23 view with respect to preceding years, together 

24 with recommendations for such legislation and 

25 administrative action as the Comptroller Gen26 eral determines appropriate.’’. 


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1 (c) BUREAU OF CONSUMER FINANCIAL PROTEC2 TION.— 

3 (1) AUDIT.—Section 1017(a)(5) of the Dodd4 Frank Wall Street Reform and Consumer Protection 

5 Act (12 U.S.C. 5497(a)(5)) is amended to read as 

6 follows: 

7 ‘‘(5) AUDIT OF THE BUREAU.—The Bureau 

8 shall prepare and submit to Congress and the Direc9 tor of the Office of Management and Budget an au10 dited financial statement for each fiscal year, cov11 ering all accounts and associated activities of each 

12 office, bureau, and activity of the Bureau. The au13 dited financial statement shall include the balance 

14 sheet, the statement of net cost, the statement of 

15 changes in net position, the statement of budgetary 

16 resources, and such comments and information as 

17 may be deemed necessary to inform Congress of the 

18 financial operations and condition of the Bureau. 

19 The Office of Inspector General of the Board of 

20 Governors of the Federal Reserve System and the 

21 Bureau of Consumer Financial Protection shall pro22 vide for an audit of the financial statements of the 

23 Bureau on an annual basis by an independent exter24 nal auditor in accordance with the United States 

25 generally accepted government auditing standards as 


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1 may be prescribed by the Comptroller General of the 

2 United States.’’. 

3 (2) REPEAL.— 

4 (A) IN GENERAL.—Section 1016A of the 

5 Consumer Financial Protection Act of 2010 (12 

6 U.S.C. 5496a) is repealed. 

7 (B) CLERICAL AMENDMENT.—The table of 

8 contents under section 1(b) of the Dodd-Frank 

9 Wall Street Reform and Consumer Protection 

10 Act is amended by striking the item relating to 

11 section 1016A. 

12 (3) APPLICATION.—The amendments made by 

13 paragraphs (1) and (2) shall apply to any audit per14 formed under section 1017 of the Dodd-Frank Wall 

15 Street Reform and Consumer Protection Act (12 

16 U.S.C. 5497) or section 1016A of the Consumer Fi17 nancial Protection Act of 2010 (12 U.S.C. 5496a), 

18 as amended by paragraphs (1) and (2), with respect 

19 to a fiscal year beginning on or after October 1, 

20 2022. 

21 (d) FEDERAL HOUSING FINANCE AGENCY.— 

22 (1) IN GENERAL.—Section 1316 of the Federal 

23 Housing Enterprises Financial Safety and Sound24 ness Act of 1992 (12 U.S.C. 4516) is amended— 


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1 (A) in subsection (g)(4), by striking 

2 ‘‘Comptroller General of the United States’’ 

3 and inserting ‘‘auditor of the financial state4 ments of the Agency’’; and 

5 (B) by striking subsection (h) and insert6 ing the following: 

7 ‘‘(h) AUDIT OF AGENCY.—The Agency shall prepare 

8 and submit to Congress and the Director of the Office of 

9 Management and Budget an audited financial statement 

10 for each fiscal year, covering all accounts and associated 

11 activities of each office, bureau, and activity of the Agen12 cy. The audited financial statement shall include the con13 solidated balance sheet, the consolidated statement of net 

14 cost, the consolidated statement of changes in net position, 

15 the combined statement of budgetary resources, and such 

16 comments and information as may be deemed necessary 

17 to inform Congress of the financial operations and condi18 tion of the Agency. The Agency shall provide for an audit 

19 of the financial statements of the Agency on an annual 

20 basis by an independent external auditor in accordance 

21 with the United States generally accepted government au22 diting standards as may be prescribed by the Comptroller 

23 General of the United States.’’. 

24 (2) APPLICATION.—The amendment made by 

25 paragraph (1) shall apply to any audit performed 


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1 under section 1316 of the Federal Housing Enter2 prises Financial Safety and Soundness Act of 1992 

3 (12 U.S.C. 4516), as amended, with respect to a fis4 cal year beginning on or after October 1, 2022. 

5 (e) FEDERAL CIVIL PENALTIES INFLATION ADJUST6 MENT ACT OF 1990.—The Federal Civil Penalties Infla7 tion Adjustment Act of 1990 (28 U.S.C. 2461 note) is 

8 amended by striking section 7(c). 

9 (f) REPORT ON HIGHWAY TRUST FUND ADMINIS10 TRATIVE EXPENDITURES.—Section 1433 of the Fixing 

11 America’s Surface Transportation Act (23 U.S.C. 101 

12 note) is amended in subsection (b) by striking ‘‘and every 

13 5 years thereafter’’. 

14 (g) UNITED STATES CAPITOL PRESERVATION COM15 MISSION.—Section 804 of the Arizona–Idaho Conservation 

16 Act of 1988 (2 U.S.C. 2084) is repealed. 

17 (h) SENATE PRESERVATION FUND.—Section 3(c)(6) 

18 of the Legislative Branch Appropriations Act, 2004 (2 

19 U.S.C. 2108(c)(6)) is repealed. 

20 (i) REVIEW OF THE ANNUAL AUDIT OF THE CON21 GRESSIONAL AWARD FOUNDATION.—Section 107 of the 

22 Congressional Award Act (2 U.S.C. 807) is amended— 

23 (1) in subsection (b), by striking ‘‘and to the 

24 Comptroller General of the United States’’; and 

25 (2) by striking subsection (c). 


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1 (j) GAO RECURRING REPORTING REQUIREMENT IN

2 GPRAMA.—Subsection (b)(2)(C)(ii) of section 15 of the 

3 GPRA Modernization Act of 2010 (Public Law 111–352) 

4 is amended— 

5 (1) in clause (I), by striking ‘‘; and’’ and insert6 ing a semicolon; 

7 (2) in clause (II), by striking the period at the 

8 end and inserting ‘‘; and’’; and 

9 (3) by adding at the end the following: 

10 ‘‘(III) beginning after the date of 

11 enactment of this subclause, periodic 

12 reports on the evaluation under clause 

13 (i).’’. 

Æ 


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