gard to any qualification or law of any State relating 
to incorporation. 
(b) USE OF OTHER AGENCIES.—With the consent of 
a department, establishment, or instrumentality (including 
any field office), the Administration may— 
(1) use and act through any department, estab-
lishment, or instrumentality; 
(2) use, and pay compensation for, information, 
services, facilities, and personnel of the department, 
establishment, or instrumentality. 
(c) PROCUREMENT.—The Administrator shall be the 
senior procurement officer for the Administration for pur-
poses of section 16(a) of the Office of Federal Procure-
ment Policy Act (41 U.S.C. 414(a)). 
(d) FINANCIAL MATTERS.— 
(1) INVESTMENTS.—Funds of the Administra-
tion may be invested in such investments as the 
Board of Directors may prescribe. 
(2) FISCAL
AGENTS.—Any Federal Reserve 
bank or any bank as to which at the time of the des-
ignation of the bank by the Administrator there is 
outstanding a designation by the Secretary of the 
Treasury as a general or other depository of public 
money, may be designated by the Administrator as 
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a depositary or custodian or as a fiscal or other 
agent of the Administration. 
(e) JURISDICTION.—Notwithstanding section 1349 of 
title 28, United States Code, or any other provision of 
law— 
(1) the Administration shall be considered a 
corporation covered by sections 1345 and 1442 of 
title 28, United States Code; 
(2) all civil actions to which the Administration 
is a party shall be considered to arise under the laws 
of the United States, and the district courts of the 
United States shall have original jurisdiction of all 
such actions, without regard to amount or value; 
and 
(3) any civil or other action, case or controversy 
in a court of a State, or in any court other than a 
district court of the United States, to which the Ad-
ministration is a party may at any time before trial 
be removed by the Administration, without the giv-
ing of any bond or security and by following any 
procedure for removal of causes in effect at the time 
of the removal— 
(A) to the district court of the United 
States for the district and division embracing 
the place in which the same is pending; or 
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(B) if there is no such district court, to the 
district court of the United States for the dis-
trict in which the principal office of the Admin-
istration is located. 
(f) PERIODIC REPORTS.—Not later than 1 year after 
commencement of operation of the Administration and at 
least biannually thereafter, the Administrator shall submit 
to the Committee on Energy and Natural Resources of 
the Senate and the Committee on Energy and Commerce 
of the House of Representatives a report that includes a 
description of— 
(1) the technologies supported by activities of 
the Administration and how the activities advance 
the purposes of this Act; and 
(2) the performance of the Administration on 
meeting the goals established under section 5. 
(g) AUDITS BY THE COMPTROLLER GENERAL.— 
(1) IN GENERAL.—The programs, activities, re-
ceipts, expenditures, and financial transactions of 
the Administration shall be subject to audit by the 
Comptroller General of the United States under 
such rules and regulations as may be prescribed by 
the Comptroller General. 
(2) ACCESS.—The representatives of the Gov-
ernment Accountability Office shall— 
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(A) have access to the personnel and to all 
books, accounts, documents, records (including 
electronic records), reports, files, and all other 
papers, automated data, things, or property be-
longing to, under the control of, or in use by 
the Administration, or any agent, representa-
tive, attorney, advisor, or consultant retained by 
the Administration, and necessary to facilitate 
the audit; 
(B) be afforded full facilities for verifying 
transactions with the balances or securities held 
by depositories, fiscal agents, and custodians; 
(C) be authorized to obtain and duplicate 
any such books, accounts, documents, records, 
working papers, automated data and files, or 
other information relevant to the audit without 
cost to the Comptroller General; and 
(D) have the right of access of the Comp-
troller General to such information pursuant to 
section 716(c) of title 31, United States Code. 
(3) ASSISTANCE AND COST.— 
(A) IN GENERAL.—For the purpose of con-
ducting an audit under this subsection, the 
Comptroller General may, in the discretion of 
the Comptroller General, employ by contract, 
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without regard to section 3709 of the Revised 
Statutes (41 U.S.C. 5), professional services of 
firms and organizations of certified public ac-
countants for temporary periods or for special 
purposes. 
(B) REIMBURSEMENT.— 
(i) IN GENERAL.—On the request of 
the Comptroller General, the Administra-
tion shall reimburse the General Account-
ability Office for the full cost of any audit 
conducted by the Comptroller General 
under this subsection. 
(ii) 
CREDITING.—Such 
reimburse-
ments shall— 
(I) be credited to the appropria-
tion account entitled ‘‘Salaries and 
Expenses, Government Accountability 
Office’’ at the time at which the pay-
ment is received; and 
(II) remain available until ex-
pended. 
(h) ANNUAL INDEPENDENT AUDITS.— 
(1) IN GENERAL.—The Administrator shall— 
(A) have an annual independent audit 
made of the financial statements of the Admin-
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istration by an independent public accountant 
in accordance with generally accepted auditing 
standards; and 
(B) submit to the Secretary the results of 
the audit. 
(2) CONTENT.—In conducting an audit under 
this subsection, the independent public accountant 
shall determine and report on whether the financial 
statements of the Administration— 
(A) are presented fairly in accordance with 
generally accepted accounting principles; and 
(B) comply with any disclosure require-
ments imposed under this Act. 
(i) FINANCIAL REPORTS.— 
(1) IN
GENERAL.—The Administrator shall 
submit to the Secretary annual and quarterly re-
ports of the financial condition and operations of the 
Administration, which shall be in such form, contain 
such information, and be submitted on such dates as 
the Secretary shall require. 
(2) CONTENTS
OF
ANNUAL
REPORTS.—Each 
annual report shall include— 
(A) financial statements prepared in ac-
cordance with generally accepted accounting 
principles; 
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(5) AVAILABILITY
OF
REPORTS.—Reports re-
quired under this section shall be published and 
made publicly available as soon as is practicable 
after receipt by the Secretary. 
(j) SCOPE AND TERMINATION OF AUTHORITY.— 
(1) NEW
OBLIGATIONS.—The Administrator 
shall not initiate any new obligations under this Act 
on or after January 1, 2029. 
(2) REVERSION TO SECRETARY.—The authori-
ties and obligations of the Administration shall re-
vert to the Secretary on January 1, 2029. 
Æ 
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