(b) The purpose of the program inventory is to advise
and assist the Congress in carrying out the requirements
of titles I and III. Such inventory shall not in any way
bind the committees of the Senate or the House of Rep-
resentatives with respect to their responsibilities under
such titles and shall not infringe on the legislative and
oversight responsibilities of such committees. The Comp-
troller General shall compile and maintain the inventory,
and the Director of the Congressional Budget Office shall
provide budgetary information for inclusion in the inven-
tory.
(c) Not later than January 1, 1994, the Comptroller
General, after consultation with the Director of the Con-
gressional Budget Office and the Director of the Congres-
sional Research Service, shall submit the program inven-
tory to the Senate and House of Representatives.
(d) In the report submitted under this section, the
Comptroller General, after consultation and in cooperation
with and consideration of the views and recommendations
of the Director of the Congressional Budget Office, shall
group programs into program areas appropriate for the
exercise of the review and reexamination requirements of
this Act. Such groupings shall identify program areas in
a manner which classifies each program in only one func-
tional and only one subfunctional category and which is
consistent with the structure of national needs, agency
missions, and basic programs developed pursuant to sec-
tion 1105 of title 31, United States Code.
(e) The program inventory shall set forth for each
program each of the following matters:
(1) The specific provision or provisions of law
authorizing the program.
(2) The committees of the Senate and the
House of Representatives which have legislative or
oversight jurisdiction over the program.
(3) A brief statement of the purpose or pur-
poses to be achieved by the program.
(4) The committees which have jurisdiction over
legislation providing new budget authority for the
program, including the appropriate subcommittees of
the Committees on Appropriations of the Senate and
the House of Representatives.
(5) The agency and, if applicable, the subdivi-
sion thereof responsible for administering the pro-
gram.
(6) The grants-in-aid, if any, provided by such
program to State and local governments.
(7) The next reauthorization date for the pro-
gram.
(8) A unique identification number which links
the program and functional category structure.
(9) The year in which the program was origi-
nally established and, where applicable, the year in
which the program expires.
(10) Where applicable, the year in which new
budget authority for the program was last author-
ized and the year in which current authorizations of
new budget authority expire.
(f) The inventory shall contain a separate tabular list-
ing of programs which are not required to be reauthorized
pursuant to section 101(c).
(g) The report also shall set forth for each program
whether the new budget authority provided for such pro-
grams is—
(1) authorized for a definite period of time;
(2) authorized in a specific dollar amount but
without limit of time;
(3) authorized without limit of time or dollar
amounts;
(4) not specifically authorized; or
(5) permanently provided,
as determined by the Director of the Congressional
Budget Office.
(h) For each program or group of programs, the pro-
gram inventory also shall include information prepared by
the Director of the Congressional Budget Office indicating
each of the following matters:
(1) The amounts of new budget authority au-
thorized and provided for the program for each of
the preceding four fiscal years and, where applicable,
the four succeeding fiscal years.
(2) The functional and subfunctional category
in which the program is presently classified and was
classified under the fiscal year 1991 budget.
(3) The identification code and title of the ap-
propriation account in which budget authority is
provided for the program.
SEC. 202. The General Accounting Office, the Con-
gressional Research Service, and the Congressional Budg-
et Office shall permit the mutual exchange of available in-
formation in their possession which would aid in the com-
pilation of the program inventory.
SEC. 203. The Office of Management and Budget,
and the Executive agencies and the subdivisions thereof
shall, to the extent necessary and possible, provide the
General Accounting Office with assistance requested by
the Comptroller General in the compilation of the program
inventory.
SEC. 204. Each committee of the Senate and the
House of Representatives, the Congressional Budget Of-
fice, and the Congressional Research Service shall review
the program inventory as submitted under section 201 and
not later than March 1, 1994, each shall advise the Comp-
troller General of any revisions in the composition or iden-
tification of programs and groups of programs which it
recommends. After full consideration of the reports of all
such committees and officials, the Comptroller General in
consultation with the committees of the Senate and the
House of Representatives shall report, not later than May
1, 1994, a revised program inventory to the Senate and
the House of Representatives.
SEC. 205. (a) The Comptroller General, after the
close of each session of the Congress, shall revise the pro-
gram inventory and report the revisions to the Senate and
the House of Representatives.
(b) After the close of each session of the Congress,
the Director of the Congressional Budget Office shall pre-
pare a report, for inclusion in the revised inventory, with
respect to each program included in the program inventory
and each program established by law during such session,
which includes the amount of the new budget authority
authorized and the amount of new budget authority pro-
vided for the current fiscal year and each of the five suc-
ceeding fiscal years. If new budget authority is not author-
ized or provided or is authorized or provided for an indefi-
nite amount for any of such five succeeding fiscal years
with respect to any program, the Director shall make pro-
jections of the amounts of such new budget authority nec-
essary to be authorized or provided for any such fiscal year
to maintain a current level of services.
(c) Not later than one year after the first or any sub-
sequent reauthorization date, the Director of the Congres-
sional Budget Office, in consultation with the Comptroller
General and the Director of the Congressional Research
Service, shall compile a list of the provisions of law related
to all programs subject to such reauthorization date for
which new budget authority was not authorized. The Di-
rector of the Congressional Budget Office shall include
such a list in the report required by subsection (b). The
committees with legislative jurisdiction over the affected
programs shall study the affected provisions and make any
recommendations they deem to be appropriate with regard
to such provisions to the Senate and the House of Rep-
resentatives.
SEC. 206. The Director of the Congressional Budget
Office and the Comptroller General shall include in their
respective reports to the Congress pursuant to section
202(f) of the Congressional Budget Act of 1974 and sec-
tion 719 of title 31, United States Code, an assessment
of the adequacy of the functional and subfunctional cat-
egories contained in section 101(b) of this Act for group-
ing programs of like missions or objectives.
SEC. 207. (a) The Director of the Congressional
Budget Office shall tabulate and issue an annual report
on the progress of congressional action on bills and resolu-
tions reported by a committee of either House or passed
by either House which authorize the enactment of new
budget authority for programs.
(b) The report shall include an up-to-date tabulation
for the fiscal year beginning October 1 and the succeeding
four fiscal years of the amounts of budget authority (1)
authorized by law or proposed to be authorized in any bill
or resolution reported by any committee of the Senate or
the House of Representatives, or (2) if budget authority
is not authorized or proposed to be authorized for any of
the five fiscal years, the amounts necessary to maintain
a current level of services for programs in the inventory.
(c) The Director of the Congressional Budget Office
shall issue periodic reports on the programs and the provi-
sions of laws which are scheduled for reauthorization in
each Congress pursuant to the reauthorization schedule
in section 101(b). In these reports, the Director shall iden-
tify each provision of law which authorizes the enactment
of new budget authority for programs scheduled for reau-
thorization and the title of the appropriation bill, or part
thereof, which would provide new budget authority pursu-
ant to each authorization.
TITLE III—PROGRAM REEXAMINATION
SEC. 301. (a) Each committee of the Senate and the
House of Representatives periodically shall provide
through the procedures established in section 302, for the
conduct of a comprehensive reexamination of selected pro-
grams or groups of programs over which it has jurisdic-
tion.
(b) In selecting programs and groups of programs for
reexamination, each committee shall consider each of the
following matters:
(1) The extent to which substantial time has
passed since the program or group of programs has
been in effect.
(2) The extent to which a program or group of
programs appears to require significant change.
(3) The resources of the committee with a view
toward undertaking reexaminations across a broad
range of programs.
(4) The desirability of examining related pro-
grams concurrently.
SEC. 302. (a)(1) The funding resolution first re-
ported by each committee of the Senate in 1995, and
thereafter for the first session of each Congress, shall in-
clude, and the first funding resolution introduced by each
committee of the House of Representatives (and referred
to the Committee on House Administration) for such year
and thereafter for the first session of each Congress shall
include, a section setting forth the committee’s plan for
reexamination of programs under this title. Such plan
shall include each of the following matters:
(A) The programs to be reexamined and the
reasons for their selection.
(B) The scheduled completion date for each
program reexamination, which date shall not be later
than the end of the Congress preceding the Congress
in which the reauthorization date applicable to a
program occurs as provided in section 101(b), unless
the committee explains in a statement in the report
accompanying its proposed funding resolution (in
the Senate), or in a statement supplied by the re-
spective committee and included in the report of the
Committee on House Administration (in the House
of Representatives), the reasons for a later comple-
tion date, except that reports on programs scheduled
for reauthorization during the 104th Congress and
selected for reexamination in a committee’s plan
adopted in 1994 may be submitted at any time on
or before February 15, 1995.
(C) The estimated cost for each reexamination.
(2) The report accompanying the funding resolution
reported by each committee of the Senate in 1995 and
thereafter for the first session of each Congress, shall in-
clude, and the report accompanying the funding resolution
reported by the Committee on House Administration with
respect to each committee of the House of Representatives
shall include, a statement of that committee, with respect
to each reexamination in its plan, of each of the following
matters:
(A) A description of the components of the
reexamination.
(B) A statement of whether the reexamination
is to be conducted (i) by the committee, or (ii) at the
request and under the direction of or under contract
with the committee, as the case may be, by one or
more instrumentalities of the legislative branch, one
or more instrumentalities of the executive branch, or
one or more nongovernmental organizations, or (iii)
by a combination of the foregoing.
(3) It shall not be in order to consider a funding reso-
lution with respect to a committee of the Senate or the
House of Representatives in 1995, and thereafter for the
first session of a Congress, unless—
(A) such resolution includes a section contain-
ing the information described in paragraph (1) and
the report accompanying such resolution contains
the information described in paragraph (2); and
(B) the report required by subsection (c) with
respect to each program reexamination scheduled for
completion during the preceding Congress by such
committee has been submitted for printing.
(4) It shall not be in order to consider an amendment
to the section of a funding resolution described in para-
graph (1) reported by a committee of the Senate for a
year, or reported by the Committee on House Administra-
tion with respect to a committee of the House of Rep-
resentatives for a year—
(A) if such amendment would require reexam-
ination of a program which has been reexamined by
such committee under this section during any of the
five preceding years;
(B) if such amendment would cause such sec-
tion not to contain the information described in
paragraph (1) with respect to each program to be
reexamined by such committee; or
(C) if notice of intention to propose such
amendment has not been given to such committee
and, in the case of an amendment in the Senate, to
the Committee on Rules and Administration of the
Senate, or, in the case of an amendment in the
House of Representatives, to the Committee on
House Administration, not later than January 20 of
the calendar year in which such year begins or the
first day of the session of the Congress in which
such year begins, whichever is later.
The notice required by subparagraph (C) shall include the
substance of the amendment intended to be proposed, and,
if such amendment would add one or more programs to
be reexamined, shall include the information described in
paragraphs (1) and (2) with respect to each such program.
Subparagraph (C) shall not apply to amendments pro-
posed by such committee or by the Committee on Rules
and Administration or House Administration, as the case
may be.
(b) In order to achieve coordination of progam
reexamination each committee shall, in preparing each re-
examination plan required by subsection (a), consult with
appropriate committees of the Senate or appropriate com-
mittees of the House of Representatives, as the case may
be, and shall inform itself of related activities of and sup-
port or assistance that may be provided by (1) the General
Accounting Office, the Congressional Budget Office, the
Congressional Research Service, and the Office of Tech-
nology Assessment, and (2) appropriate instrumentalities
in the executive and judicial branches.
(c) Each committee shall prepare and have printed
a report with respect to each reexamination completed
under this title. Each such report shall be delivered to the
Secretary of the Senate or the Clerk of the House of Rep-
resentatives, as the case may be, not later than the date
specified in the resolution and printed as a Senate or
House document, accordingly. To the extent permitted by
law or regulation, such number of additional copies as the
committee may order shall be printed for the use of the
committee. If two or more committees have legislative ju-
risdiction over the same program or portions of the same
program, such committees may reexamine such program
jointly and submit a joint report with respect to such reex-
amination.
(d) The report pursuant to subsection (c) shall set
forth the findings, recommendations, and justifications
with respect to the program, and shall include to the ex-
tent the committee deems appropriate, each of the follow-
ing matters:
(1) An identification of the objectives intended
for the program and the problem it was intended to
address.
(2) An identification of any trends, develop-
ments, and emerging conditions which are likely to
affect the future nature and extent of the problems
or needs which the program is intended to address
and an assessment of the potential primary and sec-
ondary effects of the proposed program.
(3) An identification of any other program hav-
ing potentially conflicting or duplicative objectives.
(4) A statement of the number and types of
beneficiaries or persons served by the program.
(5) An assessment of the effectiveness of the
program and the degrees to which the original objec-
tives of the program or group of programs have been
achieved.
(6) An assessment of the cost effectiveness of
the program, including where appropriate, a cost-
benefit analysis of the operation of the program.
(7) An assessment of the relative merits of al-
ternative methods which could be considered to
achieve the purposes of the program.
(8) Information on the regulatory, privacy, and
paperwork impacts of the program.
TITLE IV—TAX EXPENDITURES
SEC. 401. For purposes of this title—
(1) The term ‘‘tax expenditure provision’’
means any provision of Federal law which allows a
special exclusion, exemption, or deduction in deter-
mining liability for any tax or which provides a spe-
cial credit against any tax, a preferential rate of tax,
or a deferral of tax liability.
(2) The term ‘‘Committee on Ways and Means’’
means the Committee on Ways and Means of the
House of Representatives.
(3) The term ‘‘Committee on Finance’’ means
the Committee on Finance of the Senate.
(4) The term ‘‘Joint Tax Committee’’ means
the Joint Committee on Taxation of the Congress.
SEC. 402. (a) Not later than July 1, 1994, the Direc-
tor of the Congressional Budget Office after consultation
with the Joint Tax Committee shall prepare an inventory
of tax expenditures provisions (hereinafter in this title re-
ferred to as the ‘‘tax inventory’’) and submit a report
thereon to the Committee on Ways and Means and the
Committee on Finance. The report shall include for each
tax expenditure provision—
(1) the statute, regulation, ruling, or other cir-
cumstance which is the basis for the tax expenditure
provision;
(2) an identification of the tax against which
the tax expenditure provision allows a special exclu-
sion, exemption, or deduction in determining liability
or provides a special credit, a preferential rate of
tax, or a deferral of tax liability;
(3) a brief statement of the purpose or pur-
poses to be achieved by the tax expenditure provi-
sion;
(4) the period of time, if any, for which the tax
expenditure provision has been in effect;
(5) the estimated revenue loss from the tax ex-
penditure provision for the preceding 4 fiscal years;
(6) an analysis of the distributional impact of
the tax expenditure provision; and
(7) the functional and subfunctional category of
the budget in which the tax expenditure provision is
classified.
(b) The General Accounting Office, the Congressional
Research Service, and the Office of Technology Assess-
ment shall provide the Congressional Budget Office and
the Joint Tax Committee with information requested
which would aid in the compilation of the tax inventory.
(c) The Department of the Treasury, the Office of
Management and Budget, and the other agencies shall, to
the extent necessary and possible, provide the Congres-
sional Budget Office and the Joint Tax Committee with
any assistance requested for the preparation of the tax
inventory.
SEC. 403. The Committee on Ways and Means and
the Committee on Finance shall review the tax inventory
submitted as provided in section 402 and, not later than
October 1, 1994, shall advise the Director of the Congres-
sional Budget Office of any proposed revisions in the com-
position or identification of tax expenditure provisions in
the tax inventory. After considering the advice of such
committees, such Director, in consultation with the Joint
Tax Committee, shall report, not later than December 1,
1994, a revised tax inventory to the House and the Senate.
SEC. 404. (a) The Director of the Congressional
Budget Office, after the close of each session of the Con-
gress, shall revise the tax inventory after consultation with
the Joint Tax Committee and issue a report on the revi-
sions thereto to the Senate and House of Representatives.
Such report shall indicate, with respect to each tax ex-
penditure provision established during such session, the
revenue loss which will result in the current fiscal year
and the 5 succeeding fiscal years.
(b) The Director of the Congressional Budget Office
shall tabulate and issue periodic reports to the Senate and
the House of Representatives on the progress of congres-
sional action on bills and resolutions reported by the Com-
mittee on Ways and Means or the Committee on Finance
or passed by either House which affect tax expenditure
provisions and each new tax expenditure provision pro-
posed to be enacted by any bill or resolution reported, with
respect to the amount of revenue loss which would result
in the next fiscal year and each of the 4 succeeding fiscal
years.
SEC. 405. (a) During the second session of the One
Hundred First Congress, the Committee on Ways and
Means and the Committee on Finance shall report, and
the Congress shall complete action on, a bill prescribing
a schedule of reauthorization dates for all tax expenditure
provisions (other than those specifically exempted in the
bill) which are in the tax inventory, or, if not in such in-
ventory, which are in effect on the date of the enactment
of such bill or which have been enacted or otherwise estab-
lished as of such date and will become effective after such
date. Under such schedule there shall be 5 first reauthor-
ization dates for tax expenditure provisions beginning with
September 30, 1996, and continuing on September 30 of
each of the following 4 even-numbered years, and each
subsequent reauthorization date applicable to a tax ex-
penditure provision shall be the date 10 years following
the preceding reauthorization date.
(b) Upon enactment of the bill described in sub-
section (a), and subject to the rules and changes provided
pursuant to section 406, each tax expenditure provision
shall cease to be effective on January 1 of the year follow-
ing the first (or subsequent) reauthorization date provided
in the schedule adopted pursuant to subsection (a) and
the bills, resolutions, or amendments thereto enacted pur-
suant to subsection (d), unless it would otherwise cease
to be effective at an earlier date, or unless it is reauthor-
ized by a law enacted after the date of enactment of this
Act.
(c) It shall not be in order in either the Senate or
the House of Representatives to consider a bill or resolu-
tion, or amendment thereto, which provides for the reau-
thorization of all or part of a tax expenditure provision
which is in the schedule adopted pursuant to subsection
(a) or which was enacted pursuant to subsection (d)—
(1) for an indefinite period of time,
(2) for a period exceeding 10 taxable years, or
(3) (except during the Congress in which the
next reauthorization date for such provision occurs)
for any taxable year beginning after the next reau-
thorization date applicable to such tax expenditure
provision.
(d) After the enactment of the bill described in sub-
section (a), it shall not be in order in either the Senate
or the House of Representatives to consider any bill or
resolution, or amendment thereto, which proposes the en-
actment of a tax expenditure provision (other than a reau-
thorization under subsection (c)) that does not have a re-
authorization date (and subsequent reauthorization dates)
which conform with the schedule provided in subsection
(a).
(e) Reauthorization dates shall be prescribed under
subsections (a) and (d) so as to provide for a review of
tax expenditure provisions during the same Congress as
the review under this Act of programs and tax expenditure
provisions having similar objectives, consistent with pro-
viding an even distribution of the work of reviewing tax
expenditure provisions during each Congress and taking
into consideration the economic impact of the review proc-
ess and the interest of avoiding adverse impact on pre-
viously acquired assets.
SEC. 406. In carrying out the requirements of section
405 the Committee on Ways and Means, the Committee
on Finance, and the Congress may prescribe transition
rules and conforming and technical changes to minimize
unfairness, to mitigate any adverse effect which might re-
sult for taxpayers who have relied on a tax expenditure
provision, or to provide for an orderly end of the effective-
ness of any such provision.
SEC. 407. It shall not be in order in either the Senate
or the House of Representatives to consider a bill, resolu-
tion, or amendment thereto which proposes a reauthoriza-
tion date for a tax expenditure provision beyond the final
reauthorization date of the current sunset reauthorization
cycle.
SEC. 408. (a) It shall not be in order in either the
Senate or the House of Representatives to consider any
bill, resolution, or amendment thereto, which provides for
the reauthorization of a tax expenditure provision for a
taxable year beginning after the next reauthorization date
applicable to such provision, unless a reauthorization re-
view of such provision has been completed during the Con-
gress in which the reauthorization date for such provision
occurs, and the report accompanying such bill or resolu-
tion includes a recommendation as to whether the tax ex-
penditure provision should be continued without change,
continued with modifications, or terminated, and includes,
in the scope and detail the Committee on Ways and Means
and the Committee on Finance deem appropriate, the fol-
lowing:
(1) information and analysis on the operation,
costs, results, accomplishments, and effectiveness of
the tax expenditure provision;
(2) an identification of any other tax expendi-
ture provisions or any other programs having similar
objectives, and a justification of the need for the
proposed tax expenditure in comparison with those
tax expenditure provisions or programs which may
be potentially conflicting or duplicative; and
(3) an identification of the objectives intended
for the tax expenditure provision, and the problem
or needs which the tax expenditure provision is in-
tended to address, including an analysis of the per-
formance expected to be achieved, based on the bill
or resolution as reported.
(b) It shall not be in order in either the Senate or
the House of Representatives to consider any bill, resolu-
tion, or amendment thereto, which proposes the enactment
of a new tax expenditure provision unless the bill, resolu-
tion, or amendment thereto is accompanied by a report
which sets forth, in the scope and detail the Committee
on Ways and Means and the Committee on Finance deem
appropriate, the information specified in subsections
(a)(2) and (a)(3) of this section.
TITLE V—MISCELLANEOUS
SEC. 501. Section 1108(e) of title 31, United States
Code, is amended by inserting before the period a comma
and ‘‘or at the request of a committee of either House
of Congress presented after the day on which the Presi-
dent transmits the budget to the Congress under section
1105 of this title for the fiscal year’’.
SEC. 502. Nothing in this Act shall require the public
disclosure of matters that are specifically authorized under
criteria established by an Executive order to be kept secret
in the interest of national defense or foreign policy and
are in fact properly classified pursuant to such Executive
order, or which are otherwise specifically protected by law.
SEC. 503. The provisions of this section and sections
101(a), 101(b), 101(c)(1), 101(c)(2), 101(c)(5), 102,
104(a), 104(c), 104(d), 104(e), 104(f), 104(g), title III
(except section 303), sections 405 (c) and (d), 407, and
408, section 505, and section 506 of this Act are enacted
by the Congress—
(1) as an exercise of the rulemaking power of
the Senate and the House of Representatives respec-
tively, and as such they shall be considered as part
of the rules of each House, respectively, or of that
House to which they specifically apply, and such
rules shall supersede other rules only to the extent
that they are inconsistent therewith; and
(2) with full recognition of the constitutional
right of either House to change such rules (so far
as relating to such House) at any time, in the same
manner, and to the same extent as in the case of
any other rule of such House.
SEC. 504. (a)(1) To assist in the review or reexam-
ination of a program, the head of an agency which admin-
isters such program and the head of any other agency,
when requested, shall provide to each committee of the
Senate and the House of Representatives which has legis-
lative jurisdiction over such program such studies, infor-
mation, analyses, reports, and assistance as the committee
may request.
(2) Not later than six months before the first reau-
thorization date specified for a program in section 101(b)
the head of the agency which administers such program
or the head of any other agency, when requested by a com-
mittee of the Senate or the House of Representatives, shall
conduct a review of those regulations currently promul-
gated and in use by that agency which the committee spe-
cifically has requested be reviewed and submit a report
to the Senate or the House of Representatives as the case
may be, setting forth the regulations that agency intends
to retain, eliminate, or modify if the program is reauthor-
ized and stating the basis for its decision.
(3) On or before October 1 of the year preceding the
beginning of the Congress in which occurs the reauthoriza-
tion date for a program, the Comptroller General shall fur-
nish to each committee of the Senate and the House of
Representatives which has legislative jurisdiction over
such program a listing of the prior audits and reviews of
such program completed during the preceding six years.
(4) Consistent with the discharge of the duties and
functions imposed by law on them or their respective Of-
fices or Service, the Comptroller General, the Director of
the Congressional Budget Office, the Director of the Of-
fice of Technology Assessment, and the Director of the
Congressional Research Service shall furnish to each com-
mittee of the Senate and the House of Representatives
such information, analyses, and reports as the committee
may request to assist it in conducting reviews or evalua-
tions of programs.
(b)(1) On or before October 1 of the year preceding
the beginning of the Congress in which occurs the reau-
thorization date for a program, the President, with the
cooperation of the head of each appropriate agency, shall
submit to the Congress a ‘‘Regulatory Duplication and
Conflicts Report’’ for all such programs scheduled for re-
authorization in the next Congress.
(2) Each such regulatory duplication and conflicts re-
port shall—
(A) identify regulatory policies, including data
collection requirements, of such programs or the
agencies which administer them, which duplicate or
conflict with each other or with rules or regulations
or regulatory policies of other programs or agencies,
and identify the provisions of law which authorize or
require such duplicative or conflicting regulatory
policies or the promulgation of such duplicative or
conflicting rules or regulations;
(B) identify the regulatory policies, including
data collection requirements, of such programs
which are, or which tend to be, duplicative of or in
conflict with rules or regulations or regulatory poli-
cies of State or local governments; and
(C) contain recommendations which address the
conflicts or duplications identified in subparagraphs
(A) and (B).
(3) The regulatory duplication and conflicts report
submitted by the President pursuant to this subsection
shall be referred to the committee or committees of the