instruction:
In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
question:
SECTION 1. SHORT TITLE.

This Act may be cited as the ''Retirement Security for Life Act of
2004''.

SEC. 2. EXCLUSION FOR LIFETIME ANNUITY PAYMENTS.

(a) Lifetime Annuity Payments Under Annuity Contracts.--Section
72(b) of the Internal Revenue Code of 1986 (relating to exclusion
ratio) is amended by adding at the end the following new paragraph:
''(5) Exclusion for lifetime annuity payments.--
''(A) In general.--In the case of lifetime annuity
payments received under one or more annuity contracts
in any taxable year, gross income shall not include 50
percent of the portion of lifetime annuity payments
otherwise includible (without regard to this paragraph)
in gross income under this section. For purposes of the
preceding sentence, the amount excludible from gross
income in any taxable year shall not exceed $20,000.
''(B) Cost-of-living adjustment.--In the case of
taxable years beginning after December 31, 2005, the
$20,000 amount in subparagraph (A) shall be increased
by an amount equal to--
''(i) such dollar amount, multiplied by
''(ii) the cost-of-living adjustment
determined under section 1(f)(3) for the
calendar year in which the taxable year begins,
determined by substituting 'calendar year 2004'
for 'calendar year 1992' in subparagraph (B)
thereof.
If any amount as increased under the preceding sentence
is not a multiple of $500, such amount shall be rounded
to the next lower multiple of $500.
''(C) Application of paragraph.--Subparagraph (A)
shall not apply to--
''(i) any amount received under an eligible
deferred compensation plan (as defined in
section 457(b)) or under a qualified retirement
plan (as defined in section 4974(c)),
''(ii) any amount paid under an annuity
contract that is received by the beneficiary
under the contract--
''(I) after the death of the
annuitant in the case of payments
described in subsection
(c)(5)(A)(ii)(III), unless the
beneficiary is the surviving spouse of
the annuitant, or
''(II) after the death of the
annuitant and joint annuitant in the
case of payments described in
subsection (c)(5)(A)(ii)(IV), unless
the beneficiary is the surviving spouse
of the last to die of the annuitant and
the joint annuitant, or
''(iii) any annuity contract that is a
qualified funding asset (as defined in section
130(d)), but without regard to whether there is
a qualified assignment.
''(D) Investment in the contract.--For purposes of
this section, the investment in the contract shall be
determined without regard to this paragraph.''.
(b) Definitions.--Subsection (c) of section 72 of the Internal
Revenue Code of 1986 is amended by adding at the end the following new
paragraph:
''(5) Lifetime annuity payment.--
''(A) In general.--For purposes of subsection
(b)(5), the term 'lifetime annuity payment' means any
amount received as an annuity under any portion of an
annuity contract, but only if--
''(i) the only person (or persons in the
case of payments described in subclause (II) or
(IV) of clause (ii)) legally entitled (by
operation of the contract, a trust, or other
legally enforceable means) to receive such
amount during the life of the annuitant or
joint annuitant is such annuitant or joint
annuitant, and
''(ii) such amount is part of a series of
substantially equal periodic payments made not
less frequently than annually over--
''(I) the life of the annuitant,
''(II) the lives of the annuitant
and a joint annuitant, but only if the
annuitant is the spouse of the joint
annuitant as of the annuity starting
date or the difference in age between
the annuitant and joint annuitant is 15
years or less,
''(III) the life of the annuitant
with a minimum period of payments or
with a minimum amount that must be paid
in any event, or
''(IV) the lives of the annuitant
and a joint annuitant with a minimum
period of payments or with a minimum
amount that must be paid in any event,
but only if the annuitant is the spouse
of the joint annuitant as of the
annuity starting date or the difference
in age between the annuitant and joint
annuitant is 15 years or less.
''(iii) Exceptions.--For purposes of clause
(ii), annuity payments shall not fail to be
treated as part of a series of substantially
equal periodic payments--
''(I) because the amount of the
periodic payments may vary in
accordance with investment experience,
reallocations among investment options,
actuarial gains or losses, cost of
living indices, a constant percentage
applied not less frequently than
annually, or similar fluctuating
criteria,
''(II) due to the existence of, or
modification of the duration of, a
provision in the contract permitting a
lump sum withdrawal after the annuity
starting date, or
''(III) because the period between
each such payment is lengthened or
shortened, but only if at all times
such period is no longer than one
calendar year.
''(B) Annuity contract.--For purposes of
subparagraph (A) and subsections (b)(5) and (w), the
term 'annuity contract' means a commercial annuity (as
defined by section 3405(e)(6)), other than an endowment
or life insurance contract.
''(C) Minimum period of payments.--For purposes of
subparagraph (A), the term 'minimum period of payments'
means a guaranteed term of payments that does not
exceed the greater of 10 years or--
''(i) the life expectancy of the annuitant
as of the annuity starting date, in the case of
lifetime annuity payments described in
subparagraph (A)(ii)(III), or
''(ii) the life expectancy of the annuitant
and joint annuitant as of the annuity starting
date, in the case of lifetime annuity payments
described in subparagraph (A)(ii)(IV).
For purposes of this subparagraph, life expectancy
shall be computed with reference to the tables
prescribed by the Secretary under paragraph (3). For
purposes of subsection (w)(1)(C)(ii), the permissible
minimum period of payments shall be determined as of
the annuity starting date and reduced by one for each
subsequent year.
''(D) Minimum amount that must be paid in any
event.--For purposes of subparagraph (A), the term
'minimum amount that must be paid in any event' means
an amount payable to the designated beneficiary under
an annuity contract that is in the nature of a refund
and does not exceed the greater of the amount applied
to produce the lifetime annuity payments under the
contract or the amount, if any, available for
withdrawal under the contract on the date of death.''.
(c) Recapture Tax for Lifetime Annuity Payments.--Section 72 of the
Internal Revenue Code of 1986 is amended by redesignating subsection
(w) as subsection (x) and by inserting after subsection (v) the
following new subsection:
''(w) Recapture Tax for Modifications to or Reductions in Lifetime
Annuity Payments.--
''(1) In general.--If any amount received under an annuity
contract is excluded from income by reason of subsection (b)(5)
(relating to lifetime annuity payments), and--
''(A) the series of payments under such contract is
subsequently modified so any future payments are not
lifetime annuity payments,
''(B) after the date of receipt of the first
lifetime annuity payment under the contract an
annuitant receives a lump sum and thereafter is to
receive annuity payments in a reduced amount under the
contract, or
''(C) after the date of receipt of the first
lifetime annuity payment under the contract the dollar
amount of any subsequent annuity payment is reduced and
a lump sum is not paid in connection with the
reduction, unless such reduction is--
''(i) due to an event described in
subsection (c)(5)(A)(iii), or
''(ii) due to the addition of, or increase
in, a minimum period of payments within the
meaning of subsection (c)(5)(C) or a minimum
amount that must be paid in any event (within
the meaning of subsection (c)(5)(D)),
then gross income for the first taxable year in which such
modification or reduction occurs shall be increased by the
recapture amount.
''(2) Recapture amount.--
''(A) In general.--For purposes of this subsection,
the recapture amount shall be the amount, determined
under rules prescribed by the Secretary, equal to the
amount that (but for subsection (b)(5)) would have been
includible in the taxpayer's gross income if the
modification or reduction described in paragraph (1)
had been in effect at all times, plus interest for the
deferral period at the underpayment rate established by
section 6621.
''(B) Deferral period.--For purposes of this
subsection, the term 'deferral period' means the period
beginning with the taxable year in which (without
regard to subsection (b)(5)) the payment would have
been includible in gross income and ending with the
taxable year in which the modification described in
paragraph (1) occurs.
''(3) Exceptions to recapture tax.--Paragraph (1) shall not
apply in the case of any modification or reduction that occurs
because an annuitant--
''(A) dies or becomes disabled (within the meaning
of subsection (m)(7)),
''(B) becomes a chronically ill individual within
the meaning of section 7702B(c)(2), or
''(C) encounters hardship.''.
(d) Lifetime Distributions of Life Insurance Death Benefits.--
(1) In general.--Section 101(d) of the Internal Revenue
Code of 1986 (relating to payment of life insurance proceeds at
a date later than death) is amended by adding at the end the
following new paragraph:
''(4) Exclusion for lifetime annuity payments.--
''(A) In general.--In the case of amounts to which
this subsection applies, gross income shall not include
the lesser of--
''(i) 50 percent of the portion of lifetime
annuity payments otherwise includible in gross
income under this section (determined without
regard to this paragraph), or
''(ii) the amount in effect under section
72(b)(5).
''(B) Rules of section 72(b)(5) to apply.--For
purposes of this paragraph, rules similar to the rules
of section 72(b)(5) and section 72(w) shall apply,
substituting the term 'beneficiary of the life
insurance contract' for the term 'annuitant' wherever
it appears, and substituting the term 'life insurance
contract' for the term 'annuity contract' wherever it
appears.''.
(2) Conforming amendment.--Section 101(d)(1) of such Code
is amended by inserting ''or paragraph (4)'' after ''to the
extent not excluded by the preceding sentence''.
(e) Effective Date.--
(1) In general.--The amendments made by this section shall
apply to amounts received in calendar years beginning after the
date of the enactment of this Act.
(2) Special rule for existing contracts.--In the case of a
contract in force on the date of the enactment of this Act that
does not satisfy the requirements of section 72(c)(5)(A) of the
Internal Revenue Code of 1986 (as added by this section), or
requirements similar to such section 72(c)(5)(A) in the case of
a life insurance contract), any modification to such contract
(including a change in ownership) or to the payments thereunder
that is made to satisfy the requirements of such section (or
similar requirements) shall not result in the recognition of
any gain or loss, any amount being included in gross income, or
any addition to tax that otherwise might result from such
modification, but only if the modification is completed prior
to the date that is 2 years after the date of the enactment of
this Act.
answer:
Retirement Security for Life Act of 2004 - Amends the Internal Revenue Code to allow an exclusion from gross income for 50 percent of the amount otherwise includible in gross income as guaranteed payments from certain annuity or life insurance contracts. Limits the amount of such exclusion to $20,000 in any taxable year. Provides for an inflation adjustment of the $20,000 limitation beginning in 2006.

question:
SECTION 1. SHORT TITLE.

This Act may be cited as the ''Farm and Ranch Risk Management
Act''.

SEC. 2. FARM AND RANCH RISK MANAGEMENT ACCOUNTS.

(a) In General.--Subpart C of part II of subchapter E of chapter 1
of the Internal Revenue Code of 1986 (relating to taxable year for
which deductions taken) is amended by inserting after section 468B the
following:

''SEC. 468C. FARM AND RANCH RISK MANAGEMENT ACCOUNTS.

''(a) Deduction Allowed.--In the case of an individual engaged in
an eligible farming business or commercial fishing, there shall be
allowed as a deduction for any taxable year the amount paid in cash by
the taxpayer during the taxable year to a Farm and Ranch Risk
Management Account (hereinafter referred to as the 'FARRM Account').
''(b) Limitation.--
''(1) Contributions.--The amount which a taxpayer may pay
into the FARRM Account for any taxable year shall not exceed 20
percent of so much of the taxable income of the taxpayer
(determined without regard to this section) which is
attributable (determined in the manner applicable under section
1301) to any eligible farming business or commercial fishing.
''(2) Distributions.--Distributions from a FARRM Account
may not be used to purchase, lease, or finance any new fishing
vessel, add capacity to any fishery, or otherwise contribute to
the overcapitalization of any fishery. The Secretary of
Commerce shall implement regulations to enforce this paragraph.
''(c) Eligible Businesses.--For purposes of this section--
''(1) Eligible farming business.--The term 'eligible
farming business' means any farming business (as defined in
section 263A(e)(4)) which is not a passive activity (within the
meaning of section 469(c)) of the taxpayer.
''(2) Commercial fishing.--The term 'commercial fishing'
has the meaning given such term by section (3) of the Magnuson-
Stevens Fishery Conservation and Management Act (16 U.S.C.
1802) but only if such fishing is not a passive activity
(within the meaning of section 469(c)) of the taxpayer.
''(d) FARRM Account.--For purposes of this section--
''(1) In general.--The term 'FARRM Account' means a trust
created or organized in the United States for the exclusive
benefit of the taxpayer, but only if the written governing
instrument creating the trust meets the following requirements:
''(A) No contribution will be accepted for any
taxable year in excess of the amount allowed as a
deduction under subsection (a) for such year.
''(B) The trustee is a bank (as defined in section
408(n)) or another person who demonstrates to the
satisfaction of the Secretary that the manner in which
such person will administer the trust will be
consistent with the requirements of this section.
''(C) The assets of the trust consist entirely of
cash or of obligations which have adequate stated
interest (as defined in section 1274(c)(2)) and which
pay such interest not less often than annually.
''(D) All income of the trust is distributed
currently to the grantor.
''(E) The assets of the trust will not be
commingled with other property except in a common trust
fund or common investment fund.
''(2) Account taxed as grantor trust.--The grantor of a
FARRM Account shall be treated for purposes of this title as
the owner of such Account and shall be subject to tax thereon
in accordance with subpart E of part I of subchapter J of this
chapter (relating to grantors and others treated as substantial
owners).
''(e) Inclusion of Amounts Distributed.--
''(1) In general.--Except as provided in paragraph (2),
there shall be includible in the gross income of the taxpayer
for any taxable year--
''(A) any amount distributed from a FARRM Account
of the taxpayer during such taxable year, and
''(B) any deemed distribution under--
''(i) subsection (f)(1) (relating to
deposits not distributed within 5 years),
''(ii) subsection (f)(2) (relating to
cessation in eligible farming business), and
''(iii) subparagraph (A) or (B) of
subsection (f)(3) (relating to prohibited
transactions and pledging account as security).
''(2) Exceptions.--Paragraph (1)(A) shall not apply to--
''(A) any distribution to the extent attributable
to income of the Account, and
''(B) the distribution of any contribution paid
during a taxable year to a FARRM Account to the extent
that such contribution exceeds the limitation
applicable under subsection (b) if requirements similar
to the requirements of section 408(d)(4) are met.
For purposes of subparagraph (A), distributions shall be
treated as first attributable to income and then to other
amounts.
''(f) Special Rules.--
''(1) Tax on deposits in account which are not distributed
within 5 years.--
''(A) In general.--If, at the close of any taxable
year, there is a nonqualified balance in any FARRM
Account--
''(i) there shall be deemed distributed
from such Account during such taxable year an
amount equal to such balance, and
''(ii) the taxpayer's tax imposed by this
chapter for such taxable year shall be
increased by 10 percent of such deemed
distribution.
The preceding sentence shall not apply if an amount
equal to such nonqualified balance is distributed from
such Account to the taxpayer before the due date
(including extensions) for filing the return of tax
imposed by this chapter for such year (or, if earlier,
the date the taxpayer files such return for such year).
''(B) Nonqualified balance.--For purposes of
subparagraph (A), the term 'nonqualified balance' means
any balance in the Account on the last day of the
taxable year which is attributable to amounts deposited
in such Account before the 4th preceding taxable year.
''(C) Ordering rule.--For purposes of this
paragraph, distributions from a FARRM Account (other
than distributions of current income) shall be treated
as made from deposits in the order in which such
deposits were made, beginning with the earliest
deposits.
''(2) Cessation in eligible business.--At the close of the
first disqualification period after a period for which the
taxpayer was engaged in an eligible farming business or
commercial fishing, there shall be deemed distributed from the
FARRM Account of the taxpayer an amount equal to the balance in
such Account (if any) at the close of such disqualification
period. For purposes of the preceding sentence, the term
'disqualification period' means any period of 2 consecutive
taxable years for which the taxpayer is not engaged in an
eligible farming business or commercial fishing.
''(3) Certain rules to apply.--Rules similar to the
following rules shall apply for purposes of this section:
''(A) Section 220(f)(8) (relating to treatment on
death).
''(B) Section 408(e)(2) (relating to loss of
exemption of account where individual engages in
prohibited transaction).
''(C) Section 408(e)(4) (relating to effect of
pledging account as security).
''(D) Section 408(g) (relating to community
property laws).
''(E) Section 408(h) (relating to custodial
accounts).
''(4) Time when payments deemed made.--For purposes of this
section, a taxpayer shall be deemed to have made a payment to a
FARRM Account on the last day of a taxable year if such payment
is made on account of such taxable year and is made on or
before the due date (without regard to extensions) for filing
the return of tax for such taxable year.
''(5) Individual.--For purposes of this section, the term
'individual' shall not include an estate or trust.
''(6) Deduction not allowed for self-employment tax.--The
deduction allowable by reason of subsection (a) shall not be
taken into account in determining an individual's net earnings
from self-employment (within the meaning of section 1402(a))
for purposes of chapter 2.
''(g) Reports.--The trustee of a FARRM Account shall make such
reports regarding such Account to the Secretary and to the person for
whose benefit the Account is maintained with respect to contributions,
distributions, and such other matters as the Secretary may require
under regulations. The reports required by this subsection shall be
filed at such time and in such manner and furnished to such persons at
such time and in such manner as may be required by such regulations.''.
(b) Tax on Excess Contributions.--
(1) Subsection (a) of section 4973 of such Code (relating
to tax on excess contributions to certain tax-favored accounts
and annuities) is amended by striking ''or'' at the end of
paragraph (3), by redesignating paragraph (4) as paragraph (5),
and by inserting after paragraph (3) the following:
''(4) a FARRM Account (within the meaning of section
468C(d)), or''.
(2) Section 4973 of such Code is amended by adding at the
end the following:
''(g) Excess Contributions to FARRM Accounts.--For purposes of this
section, in the case of a FARRM Account (within the meaning of section
468C(d)), the term 'excess contributions' means the amount by which the
amount contributed for the taxable year to the Account exceeds the
amount which may be contributed to the Account under section 468C(b)
for such taxable year. For purposes of this subsection, any
contribution which is distributed out of the FARRM Account in a
distribution to which section 468C(e)(2)(B) applies shall be treated as
an amount not contributed.''.
(3) The section heading for section 4973 of such Code is
amended to read as follows:

''SEC. 4973. EXCESS CONTRIBUTIONS TO CERTAIN ACCOUNTS, ANNUITIES,
ETC.''.

(4) The table of sections for chapter 43 of such Code is
amended by striking the item relating to section 4973 and
inserting the following:

''Sec. 4973. Excess contributions to
certain accounts, annuities,
etc.''.
(c) Tax on Prohibited Transactions.--
(1) Subsection (c) of section 4975 of such Code (relating
to tax on prohibited transactions) is amended by adding at the
end the following:
''(6) Special rule for farrm accounts.--A person for whose
benefit a FARRM Account (within the meaning of section 468C(d))
is established shall be exempt from the tax imposed by this
section with respect to any transaction concerning such account
(which would otherwise be taxable under this section) if, with
respect to such transaction, the account ceases to be a FARRM
Account by reason of the application of section 468C(f)(3)(A)
to such account.''.
(2) Paragraph (1) of section 4975(e) of such Code is
amended by redesignating subparagraphs (E) and (F) as
subparagraphs (F) and (G), respectively, and by inserting after
subparagraph (D) the following:
''(E) a FARRM Account described in section
468C(d),''.
(d) Failure To Provide Reports on FARRM Accounts.--Paragraph (2) of
section 6693(a) of such Code (relating to failure to provide reports on
certain tax-favored accounts or annuities) is amended by redesignating
subparagraphs (C) and (D) as subparagraphs (D) and (E), respectively,
and by inserting after subparagraph (B) the following:
''(C) section 468C(g) (relating to FARRM
Accounts),''.
(e) Clerical Amendment.--The table of sections for subpart C of
part II of subchapter E of chapter 1 of such Code is amended by
inserting after the item relating to section 468B the following:

''Sec. 468C. Farm and Ranch Risk
Management Accounts.''.
(f) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after the date of the enactment of
this Act.
answer:
Farm and Ranch Risk Management Act - Amends the Internal Revenue Code to allow an individual engaged in an eligible farming or commercial fishing business a deduction for any taxable year of up to 20 percent of taxable income attributable to the eligible farming or commercial fishing business which was paid in cash by the taxpayer to a Farm and Ranch Risk Management Account (FARRM Account).Includes distributions from a FARRM account in the taxpayer's gross income, and subjects to a special ten percent surtax any distributions not made within five years of contribution. Establishes a tax on excess contributions, but exempts the taxpayer from the tax on certain prohibited transactions.

question:
SECTION 1. CONGRESSIONAL OFFICE OF INSPECTOR GENERAL.

There is created an establishment of the Government to be known as
the Congressional Office of Inspector General, which shall be
independent of the executive departments and under the control and
direction of the Speaker and minority leader of the House of
Representatives.

SEC. 2. PURPOSE AND ESTABLISHMENT OF OFFICE OF INSPECTOR GENERAL.

The purpose of this Act is to create independent and objective
units--
(1) to conduct and supervise audits and investigations
relating to the office procedures and operations of each Member
or committee of the House of Representatives and any other
office of the House of Representatives whose employees are paid
by the Clerk;
(2) to provide leadership and coordination and recommend
policies for activities designed (A) to promote economy,
efficiency, and effectiveness in the administration of, and (B)
to prevent and detect fraud and abuse in, such office
procedures and operations; and
(3) to provide a means for keeping each Member of Congress
and the Congress fully and currently informed about problems
and deficiencies relating to the administration of such office
procedures and operations and the necessity for and progress of
corrective action.

SEC. 3. APPOINTMENT OF INSPECTOR GENERAL; SUPERVISION; REMOVAL;
APPOINTMENT OF ASSISTANT INSPECTOR GENERAL FOR AUDITING
AND ASSISTANT INSPECTOR GENERAL FOR INVESTIGATIONS.

(a) Appointment.--There shall be at the head of the Office an
Inspector General who shall be appointed by the Speaker of the House of
Representatives and the minority leader of the House of
Representatives, without regard to political affiliation and solely on
the basis of integrity and demonstrated ability in accounting,
auditing, financial analysis, law, management analysis, public
administration, or investigations. Except as hereinafter provided in
this section, the Inspector General shall hold office for 7 years. The
Inspector General shall not be eligible for reappointment.
(b) Supervision.--The Inspector General shall report to and be
under the general supervision of the Speaker and the minority leader of
the House of Representatives. The Speaker of the House shall not
prevent or prohibit the Inspector General from initiating, carrying
out, or completing any audit or investigation.
(c) Removal.--The Inspector General may be removed from office by
the Speaker and the minority leader of the House only for cause.
(d) Assistants.--Each Inspector General shall in accordance with
applicable laws and regulations governing employees of the House of
Representatives--
(1) appoint an Assistant Inspector General for Auditing who
shall have the responsibility for supervising the performance
of auditing activities relating to office procedures and
operations of each Member or committee of the House of
Representatives and any other office of the House of
Representatives whose employees are paid by the Clerk; and
(2) appoint an Assistant Inspector General for
Investigations who shall have the responsibility for
supervising the performance of investigative activities
relating to such office procedures and operations.

SEC. 4. DUTIES AND RESPONSIBILITIES.

(a) In General.--It shall be the duty and responsibility of the
Inspector General, with respect to the House of Representatives--
(1) to provide for policy direction for and to conduct,
supervise, and coordinate audits and investigations relating to
the office procedures and operations of each Member or
committee of the House of Representatives and any other office
of the House of Representatives whose employees are paid by the
Clerk;
(2) to review existing and proposed rules of the House of
Representatives and regulations relating to office procedures
and operations of each Member or committee of the House of
Representatives and any other office of the House of
Representatives whose employees are paid by the Clerk and to
make recommendations in the annual reports required concerning
the impact of such rules or regulations on the economy and
efficiency in the administration of office procedures and
operations administered or financed by each Congressional
office of the prevention and detection of fraud and abuse in
such office procedures and operations;
(3) to recommend policies for, and to conduct, supervise,
or coordinate other activities carried out or financed by each
Member or committee of the House of Representatives and any
other office of the House of Representatives whose employees
are paid by the Clerk for the purpose of promoting economy or
efficiency in the administration of, or preventing and
detecting fraud and abuse in, office procedures and operations;
and
(4) to keep the Congress fully and currently informed by
means of the reports required and otherwise, concerning fraud
and other serious problems, abuses, and deficiencies relating
to the administration of office procedures and operations, and
to report on the progress made in implementing such corrective
action.
(b) Audit Standards.--In carrying out the responsibilities each
Inspector General shall comply with established standards for audits of
Federal establishments, organizations, programs, activities, and
functions.
(c) Reports of Rules Violations.--In carrying out the duties and
responsibilities established each Inspector General shall report
expeditiously to the chairman and the ranking minority party member of
the Committee on Standards and Official Conduct whenever the Inspector
General has reasonable grounds to believe there has been a violation of
the Rules of the House of Representatives.

SEC. 5. ANNUAL REPORTS.

(a) In General.--Each Inspector General shall, not later than
October 31 of each year, prepare annual reports summarizing the
activities of the Office during the immediately proceeding 12 month
period ending September 30. Such report shall include, but need not be
limited to--
(1) a description of significant problems, abuses, and
deficiencies relating to the administration of office
procedures and operations of each Member and committee of the
House of Representatives and any other office of the House of
Representatives whose employees are paid by the Clerk disclosed
by such activities during the reporting period;
(2) a description of the recommendations for corrective
action made by the Office during the reporting period with
respect to significant problems, abuses, or deficiencies
identified pursuant to paragraph (1);
(3) an identification of each significant recommendation
described in previous annual reports on which corrective action
has not been completed;
(4) a summary of matters referred to the Committee on
Standards of Official Conduct and the actions which have
resulted;
(5) a summary of each report made to the Speaker and
minority leader of the House of Representatives under section
6(b) during the reporting period;
(6) a listing, subdivided according to subject matter, of
each audit report issued by the office during the reporting
period and for each audit report, where applicable the total
dollar value of questioned costs (including a separate category
for the dollar value of unsupported costs) and the dollar value
of recommendations that funds be put to better use;
(7) a summary of each particularly significant report;
(8) statistical tables showing the total number of audit
reports and the total dollar value of questioned costs
(including a separate category for the dollar value of
unsupported costs), for audit reports--
(A) for which no management decision has been made
by the commencement of the reporting period;
(B) which were issued during the reporting period;
and
(C) for which a management decision was made during
the reporting period, including--
(i) the dollar value of disallowed costs;
and
(ii) the dollar value of costs not
disallowed; and
(D) for which no management decision has been made
by the end of the reporting period;
(9) statistical tables showing the total number of audit
reports and the dollar value of recommendations that funds be
put to better use by management, for audit reports--
(A) for which no management decision had been made
by the commencement of the reporting period;
(B) which were issued during the reporting period;
and
(C) for which a management decision was made during
the reporting period including--
(i) the dollar value of recommendations
that were not agreed to by management; and
(ii) the dollar value of recommendations
that were not agreed to by management; and
(D) for which no management decision has been made
by the end of the reporting period.
(10) a summary of each audit report issued before the
commencement of the reporting period for which no management
decision has been made by the end of the reporting period
(including the date and title of each such report), an
explanation of the reasons such management decision has not
been made, and a statement concerning the desired timetable for
achieving a management decision on each such report; and
(11) information concerning any significant management
decision with which the Inspector General is in disagreement.
(b) Furnishing of Annual Report.--The annual report of the
Inspector General shall be furnished to the Speaker and minority leader
of the House of Representatives not later than October 31 of each year.
(c) Report of Serious Problems.--The Inspector General shall report
immediately to the Speaker and minority leader of the House of
Representatives whenever the Inspector General becomes aware of
particularly serious or flagrant problems, abuses, or deficiencies
relating to the administration of office procedures and operations of
any Member or committee of the House of Representatives and any other
office of the House of Representatives whose employees are paid by the
Clerk.
(d) Definitions.--As used in this section--
(1) the term ''questioned cost'' means a cost that is
questioned by the Office because of--
(A) an alleged violation of the Rules of the House
of Representatives;
(B) a finding that, at the time of the audit, such
cost is not supported by adequate documentation; or
(C) a finding that the expenditure of funds for the
intended purpose is unnecessary or unreasonable;
(2) the term ''unsupported costs'' means a cost that is
questioned by the Office because the Office found that at the
time of the audit, such cost is not supported by adequate
documentation;
(3) the term ''disallowed cost'' means a questioned cost
that management, in a management decision, has sustained or
agreed should not be charged to the House of Representatives;
(4) the term ''recommendation that funds be put to better
use'' means a recommendation by the Office that funds could be
used more efficiently if management of a Member's office or
House committee or other office took action to implement and
complete the recommendation including--
(A) reductions in outlays; and
(B) any other savings which are specifically
identified;
(5) the term ''management decision'' means the evaluation
by the management of a Member's office or House committee or
other office of the findings and recommendations included in an
audit report and the issuance of a final decision by management
concerning its response to such findings and recommendations,
including actions concluded to be necessary; and
(6) the term ''final action'' means--
(A) the completion of all actions that the
management of a Member's office or House committee or
other office has concluded in its management decision,
are necessary with respect to the findings and
recommendations included in the audit report; and
(B) in the event that the management of a Member's
office or House committee or other office concludes no
action is necessary, final action occurs when a
management decision has been made.

SEC. 6. AUTHORITY OF INSPECTOR GENERAL.

(a) In General.--In addition to the authority otherwise provided by
this Act, the Inspector General in carrying out the provisions of this
Act, is authorized--
(1) to have access to all records, reports, audits,
reviews, documents, papers, recommendations, or other material
available to the applicable Member's office or House committee
or other office which relates to office procedures and
operations with respect to which the Inspector General has
responsibilities under this Act;
(2) to make such investigations and reports relating to the
administration of the office procedures and operations of the
applicable Member's office or House committee or other office
as are, in the judgment of the Inspector General, necessary or
desirable;
(3) to administer to or take from any person an oath,
affirmation, or affidavit, whenever necessary in the
performance of the functions assigned by this Act, employee of
an Office of an Inspector General designated by the Inspector
General shall have the same force and effect as if administered
or taken by or before an officer having a seal; and
(4) to have direct and prompt access to a Member or
chairman of a House committee or head of any other office
within the House of Representatives when necessary for any
purpose pertaining to the performance of functions and
responsibilities under this Act.
(b) Report of Refusal.--Whenever information or assistance
requested under subsection (a)(1) is, in the judgment of an Inspector
General, unreasonably refused or not provided, the Inspector General
shall report the circumstance to the Speaker and minority leader of the
House of Representatives without delay.

SEC. 7. COMPLAINTS BY EMPLOYEES; DISCLOSURE OF IDENTITY; REPRISALS.

(a) Complaints.--The Inspector General may receive and investigate
complaints or information from an employee of the House of
Representatives concerning the possible existence of an activity
constituting a violation of law, Rules of the House of Representatives,
or mismanagement, gross waste of funds, abuse of authority or a
substantial and specific danger to the public health and safety.
(b) Disclosure of Identity.--The Inspector General shall not, after
a receipt of a complaint or information from an employee, disclose the
identity of the employee without the consent of the employee, unless
the Inspector General determines such disclosure is unavoidable during
the course of the investigation.
(c) Reprisals.--Any employee who has authority to take, direct
others to take, recommend or approve any personnel action, shall not,
with respect to such authority, take or threaten to take any action
against any employee as reprisal for making a complaint or disclosing
information to an Inspector General, unless the complaint was made or
the information disclosed with the knowledge that it was false or with
willful disregard for its truth or falsity.

SEC. 8. REPEALER.

Clause 2 of rule VI of the Rules of the House of Representatives is
repealed.
answer:
Creates the Congressional Office of Inspector General (Office), independent of the executive departments and under the control and direction of the Speaker and minority leader of the House of Representatives.
Sets forth the functions of the Office.
Makes an Inspector General (Inspector), to be appointed by the Speaker and minority leader, head of the Office for a seven-year term, unless removed by the Speaker and minority leader for cause. Makes the Inspector ineligible for reappointment.
Requires the Inspector to appoint: (1) an Assistant Inspector General for Auditing to supervise the auditing of the office procedures and operations of each Member or committee of the House and any other House office whose employees are paid by the Clerk; and (2) an Assistant Inspector General for Investigations to supervise investigations of such office procedures and operations.
Sets forth the duties and responsibilities of the Inspector.
Requires each Inspector General to report annually to the Speaker and minority leader of the House.
Authorizes the Inspector to receive and investigate complaints or information from a House employee concerning the possible existence of a violation of law or the Rules of the House, mismanagement, gross waste of funds, abuse or authority, or a substantial and specific danger to the public health and safety.
Prohibits the Inspector, upon receiving the complaint or information, from disclosing the complainant's identity without the employee's consent, unless such disclosure is unavoidable during the course of the investigation.
Prohibits any employee who has authority to take, directs others to take, or recommends or approves any personnel action from taking action against an employee as reprisal for making a complaint or disclosing information to an Inspector, unless the complaint was false and the complainant knew this or willfully disregarded truth or falsity.
Repeals a provision of the Rules of the House which establishes and outlines the duties of an Inspector General.