(B) CONTENTS.—Each report under this 
paragraph shall include— 
(i) the extent to which Federal relief 
funds have been given to individuals and 
organizations most in need of financial as-
sistance; 
(ii) the extent to which Federal recon-
struction funds have been made available 
to business entities that are based in Lou-
isiana, Mississippi, or Alabama or business 
entities that hire workers who resided in 
those States before August 29, 2005; and 
(iii) the extent to which Federal agen-
cies have made use of sole source or cost- 
plus contracts. 
(C) FIRST
REPORT.—The first report 
under this paragraph shall be submitted for the 
first full month for which a Chief Financial Of-
ficer has been appointed. 
(d) RESPONSIBILITIES OF CHIEF FINANCIAL OFFI-
CERS.—Nothing in this Act shall be construed as to relieve 
the responsibilities of any Chief Financial Officer under 
section 902 of title 31, United States Code. 
(e) AVAILABILITY OF RECORDS.—Upon request to 
the Chief Financial Officer, the Office shall make the
records of the Office available to the Inspector General 
of any Federal agency performing recovery activities relat-
ing to Hurricane Katrina for the purpose of performing 
the duties of that Inspector General under the Inspector 
General Act of 1978 (5 U.S.C. App.). 
SEC. 4. REPORTS OF THE GOVERNMENT ACCOUNTABILITY 
OFFICE. 
The Office shall provide quarterly reports to the com-
mittees specified in section 3(c) (3) (A) relating to all ac-
tivities and expenses approved by the Office, includingl 
(1) the accuracy of reports submitted by the 
Chief Financial Officer to Congress; 
(2) the extent to which agencies performing ac-
tivities relating to the recovery from Hurricane 
Katrina have made use of sole source or cost-plus 
contracts; 
(3) the appropriate use of Federal funds by 
State and local government agencies; 
(4) an analysis of whether Federal relief funds 
have been distributed to individuals and organiza-
tions most in need of financial assistance and Fed-
eral reconstruction funds have been made available 
to business entities that are based in Louisiana, Mis-
sissippi, and Alabama or business entities that hire
workers who resided in those States before August 
29, 2005; and 
(5) the extent to which waste, fraud, or abuse 
exist in the use of Federal funds relating to the re-
covery from Hurricane Katrina. 
SEC. 5. ADMINISTRATIVE AND SUPPORT SERVICES. 
(a) IN GENERAL.—The President shall provide ad-
ministrative and support services (including office space) 
for the Office and the Chief Financial Officer. 
(b) PERSONNEL.—The President shall provide for 
personnel for the Office through the detail of Federal em-
ployees. Any Federal employee may be detailed to the Of-
fice without reimbursement, and such detail shall be with-
out interruption or loss of civil service status or privilege. 
SEC. 6. AUTHORIZATION OF APPROPRIATIONS. 
There are authorized to be appropriated such sums 
as necessary to carry out this Act. 
SEC. 7. TERMINATION OF OFFICE. 
(a) IN GENERAL.—The Office and position of Chief 
Financial Officer shall terminate 1 year after the date of 
enactment of this Act. 
(b) EXTENSION.—The President may extend the date 
of termination under subsection (a) to any date occurring 
before 2 years after the date of enactment of this Act. 
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