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 Infrastruc-
ture, 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. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘GAO Audit Mandates 
Revision Act of 2022’’. 
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SEC. 2. AUDITS MODIFIED. 
(a) EXPORT-IMPORT BANK LOAN AND GUARANTEE 
TRANSACTIONS.—Section 17(a) of the Export-Import 
Bank Reauthorization Act of 2012 (12 U.S.C. 635a–6(a)) 
is amended by striking ‘‘and periodically (but not less fre-
quently than every 4 years) thereafter,’’. 
(b) PATIENT-CENTERED OUTCOMES RESEARCH IN-
STITUTE.—Section 1181(g)(2) of the Social Security Act 
(42 U.S.C. 1320e(g)(2)) is amended— 
(1) in the paragraph heading, by striking ‘‘AN-
NUAL’’; 
(2) in subparagraph (A)— 
(A) by striking clause (i); and 
(B) by redesignating clauses (ii) through 
(vi) as clauses (i) through (v), respectively; and 
(3) by amending subparagraph (B) to read as 
follows: 
‘‘(B) REPORTS.—Not later than April 1 of 
each year for which a review was conducted 
under subparagraph (A), the Comptroller Gen-
eral of the United States shall submit to Con-
gress a report containing the results of the re-
view with respect to preceding years, together 
with recommendations for such legislation and 
administrative action as the Comptroller Gen-
eral determines appropriate.’’. 
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(c) BUREAU
OF CONSUMER FINANCIAL PROTEC-
TION.— 
(1) AUDIT.—Section 1017(a)(5) of the Dodd- 
Frank Wall Street Reform and Consumer Protection 
Act (12 U.S.C. 5497(a)(5)) is amended to read as 
follows: 
‘‘(5) AUDIT
OF
THE
BUREAU.—The Bureau 
shall prepare and submit to Congress and the Direc-
tor of the Office of Management and Budget an au-
dited financial statement for each fiscal year, cov-
ering all accounts and associated activities of each 
office, bureau, and activity of the Bureau. The au-
dited financial statement shall include the balance 
sheet, the statement of net cost, the statement of 
changes in net position, the statement of budgetary 
resources, and such comments and information as 
may be deemed necessary to inform Congress of the 
financial operations and condition of the Bureau. 
The Office of Inspector General of the Board of 
Governors of the Federal Reserve System and the 
Bureau of Consumer Financial Protection shall pro-
vide for an audit of the financial statements of the 
Bureau on an annual basis by an independent exter-
nal auditor in accordance with the United States 
generally accepted government auditing standards as 
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may be prescribed by the Comptroller General of the 
United States.’’. 
(2) REPEAL.— 
(A) IN GENERAL.—Section 1016A of the 
Consumer Financial Protection Act of 2010 (12 
U.S.C. 5496a) is repealed. 
(B) CLERICAL AMENDMENT.—The table of 
contents under section 1(b) of the Dodd-Frank 
Wall Street Reform and Consumer Protection 
Act is amended by striking the item relating to 
section 1016A. 
(3) APPLICATION.—The amendments made by 
paragraphs (1) and (2) shall apply to any audit per-
formed under section 1017 of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act (12 
U.S.C. 5497) or section 1016A of the Consumer Fi-
nancial Protection Act of 2010 (12 U.S.C. 5496a), 
as amended by paragraphs (1) and (2), with respect 
to a fiscal year beginning on or after October 1, 
2022. 
(d) FEDERAL HOUSING FINANCE AGENCY.— 
(1) IN GENERAL.—Section 1316 of the Federal 
Housing Enterprises Financial Safety and Sound-
ness Act of 1992 (12 U.S.C. 4516) is amended— 
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(A) in subsection (g)(4), by striking 
‘‘Comptroller General of the United States’’ 
and inserting ‘‘auditor of the financial state-
ments of the Agency’’; and 
(B) by striking subsection (h) and insert-
ing the following: 
‘‘(h) AUDIT OF AGENCY.—The Agency shall prepare 
and submit to Congress and the Director of the Office of 
Management and Budget an audited financial statement 
for each fiscal year, covering all accounts and associated 
activities of each office, bureau, and activity of the Agen-
cy. The audited financial statement shall include the con-
solidated balance sheet, the consolidated statement of net 
cost, the consolidated statement of changes in net position, 
the combined statement of budgetary resources, and such 
comments and information as may be deemed necessary 
to inform Congress of the financial operations and condi-
tion of the Agency. The Agency shall provide for an audit 
of the financial statements of the Agency on an annual 
basis by an independent external auditor in accordance 
with the United States generally accepted government au-
diting standards as may be prescribed by the Comptroller 
General of the United States.’’. 
(2) APPLICATION.—The amendment made by 
paragraph (1) shall apply to any audit performed 
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under section 1316 of the Federal Housing Enter-
prises Financial Safety and Soundness Act of 1992 
(12 U.S.C. 4516), as amended, with respect to a fis-
cal year beginning on or after October 1, 2022. 
(e) FEDERAL CIVIL PENALTIES INFLATION ADJUST-
MENT ACT OF 1990.—The Federal Civil Penalties Infla-
tion Adjustment Act of 1990 (28 U.S.C. 2461 note) is 
amended by striking section 7(c). 
(f) REPORT ON HIGHWAY TRUST FUND ADMINIS-
TRATIVE EXPENDITURES.—Section 1433 of the Fixing 
America’s Surface Transportation Act (23 U.S.C. 101 
note) is amended in subsection (b) by striking ‘‘and every 
5 years thereafter’’. 
(g) UNITED STATES CAPITOL PRESERVATION COM-
MISSION.—Section 804 of the Arizona–Idaho Conservation 
Act of 1988 (2 U.S.C. 2084) is repealed. 
(h) SENATE PRESERVATION FUND.—Section 3(c)(6) 
of the Legislative Branch Appropriations Act, 2004 (2 
U.S.C. 2108(c)(6)) is repealed. 
(i) REVIEW OF THE ANNUAL AUDIT OF THE CON-
GRESSIONAL AWARD FOUNDATION.—Section 107 of the 
Congressional Award Act (2 U.S.C. 807) is amended— 
(1) in subsection (b), by striking ‘‘and to the 
Comptroller General of the United States’’; and 
(2) by striking subsection (c). 
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(j) GAO RECURRING REPORTING REQUIREMENT IN 
GPRAMA.—Subsection (b)(2)(C)(ii) of section 15 of the 
GPRA Modernization Act of 2010 (Public Law 111–352) 
is amended— 
(1) in clause (I), by striking ‘‘; and’’ and insert-
ing a semicolon; 
(2) in clause (II), by striking the period at the 
end and inserting ‘‘; and’’; and 
(3) by adding at the end the following: 
‘‘(III) beginning after the date of 
enactment of this subclause, periodic 
reports on the evaluation under clause 
(i).’’. 
Æ 
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