Title: Audit the Pentagon Act of 2021
Policy area: Armed Forces and National Security

Summary:
Audit the Pentagon Act of 2021
This bill requires the Department of Defense (DOD) to reduce spending for any department, agency, or other DOD element that DOD determines has not achieved an unqualified opinion on its full financial statements for the calendar year ending during that fiscal year.
Specifically, the amount available to such department, agency, or element for the fiscal year when the determination is made must be 1% less than the amount otherwise authorized to be appropriated. Amounts unavailable to such department, agency, or element must be applied on a pro rata basis against each program, project, and activity.
DOD must deposit such unavailable amounts in the general fund of the Department of the Treasury for purposes of deficit reduction.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 1707 Introduced in Senate (IS)]

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117th CONGRESS
  1st Session
                                S. 1707

To ensure that the Department of Defense achieves a clean audit opinion 
                      on its financial statements.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 19, 2021

    Mr. Sanders (for himself, Mr. Grassley, Mr. Wyden, and Mr. Lee) 
introduced the following bill; which was read twice and referred to the 
                      Committee on Armed Services

_______________________________________________________________________

                                 A BILL


 
To ensure that the Department of Defense achieves a clean audit opinion 
                      on its financial statements.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Audit the Pentagon Act of 2021''.

SEC. 2. DEPARTMENT OF DEFENSE SPENDING REDUCTIONS IN THE ABSENCE OF AN 
              UNQUALIFIED AUDIT OPINION.

    If during any fiscal year after fiscal year 2022, the Secretary of 
Defense determines that a department, agency, or other element of the 
Department of Defense has not achieved an unqualified opinion on its 
full financial statements for the calendar year ending during such 
fiscal year--
            (1) the amount available to such department, agency, or 
        element for the fiscal year in which such determination is made 
        shall be equal to the amount otherwise authorized to be 
        appropriated minus 1.0 percent;
            (2) the amount unavailable to such department, agency, or 
        element for that fiscal year pursuant to paragraph (1) shall be 
        applied on a pro rata basis against each program, project, and 
        activity of such department, agency, or element in that fiscal 
        year; and
            (3) the Secretary shall deposit in the general fund of the 
        Treasury for purposes of deficit reduction all amounts 
        unavailable to departments, agencies, and elements of the 
        Department in the fiscal year pursuant to determinations made 
        under paragraph (1).
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