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Closing Long-Empty Accounts Now Act of 2013

H.R. 1856 · 113th Congress · May 7, 2013 · Lineage

A BILL

To eliminate unnecessary Federal bank accounts.

Section 1 Short title

This Act may be cited as the “Closing Long-Empty Accounts Now Act of 2013” or the “CLEAN Act”.

Sec. 2 Documenting and closing long-empty Federal bank accounts

(a)
Inspectors General report— Not later than six months after the date of the enactment of this Act, the Council of the Inspectors General on Integrity and Efficiency shall submit to Congress a report that—
(1)
lists each bank account held by the United States Government that has a balance of zero dollars for 180 days or more; and
(2)
recommends which of these accounts should be immediately closed.
(b)
Closure of accounts required— Not later than 7 days after the report is submitted under subsection (a), the head of each agency with a bank account recommended for closure in the report described in subsection (a) shall close each such account that is managed by the agency.
(c)
Agency defined— In this section, the term agency has the meaning given that term in section 551 of title 5, United States Code.