Section 1 Short title
This Act may be cited as the “GAO Mandates Revision Act of 2016”.
GAO Mandates Revision Act of 2016
A BILL
To eliminate or modify certain mandates of the Government Accountability Office.
Sec. 2 Reports eliminated
Single audit act monitoring responsibilities—
In general— Chapter 75 of title 31, United States Code, is amended—
by striking section 7506; and
by redesignating section 7507 as section 7506.
Technical and conforming amendment— The table of sections for chapter 75 of title 31, United States Code, is amended by striking the items relating to sections 7506 and 7507 and inserting the following:
Review of Medigap premium levels— Section 111(c) of the Medicare, Medicaid, and SCHIP Benefits Improvement and Protection Act of 2000 (Appendix F; 114 Stat. 2763A–473), as enacted into law by section 1(a)(6) of Public Law 106–554, is repealed.
Report on dispute resolution pilot program— Section 1105 of the Sandy Recovery Improvement Act of 2013 (42 U.S.C. 5189a note) is amended by striking subsection (d).
Biennial survey regarding transportation intelligence reports— Section 114(u) of title 49, United States Code, is amended—
in paragraph (1)(A), by striking “subsection (t)” and inserting “subsection (s)(4)(E)”;
by striking paragraph (7); and
by redesignating paragraphs (8) and (9) as paragraphs (7) and (8), respectively.
Review and evaluation of guidance relating to post harvest processing of raw oysters— Section 114 of the FDA Food Safety Modernization Act (21 U.S.C. 342 note) is amended—
by striking subsection (c); and
by redesignating subsections (d) and (e) as subsections (c) and (d), respectively.
Sec. 3 Reports modified
Oversight and audits under the Emergency Economic Stabilization Act of 2008— Section 116(a)(3) of the Emergency Economic Stabilization Act of 2008 (12 U.S.C. 5226(a)(3)) is amended by striking “, regularly and no less frequently than once every 60 days,” and inserting “annually”.
GAO study of financial regulations— Section 1016B(a) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5496b(a)) is amended—
in the matter preceding paragraph (1), in the first sentence—
by striking “Not later than the end of the 180-day period beginning on the date of the enactment of this Act, and annually thereafter, the” and inserting “The”; and
by inserting “periodically, as the Comptroller General determines is appropriate,” after “shall”;
in paragraph (1), by striking “, including whether relevant Federal agencies are applying sound cost-benefit analysis in promulgating rules;” and inserting “; and”;
by striking paragraph (2); and
by redesignating paragraph (3) as paragraph (2).
Reports on conflict minerals— Section 1502(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (15 U.S.C. 78m note) is amended—
in paragraph (1), by striking “until the termination of the disclosure requirements under section 13(p) of the Securities Exchange Act of 1934” and inserting “through 2020, in 2022, and in 2024”; and
in paragraph (2), in the matter preceding subparagraph (A), by inserting “through 2020, in 2022, and in 2024” after “annually thereafter”.
Update on actions taken by Secretary of HHS To implement GAO recommendation— Section 632(d) of the American Taxpayer Relief Act of 2012 (Public Law 112–240; 126 Stat. 2354) is amended in the first sentence by striking “December 31, 2015” and inserting “December 31, 2023”.
in subparagraph (C), by striking “, or an individual within the Government Accountability Office designated by the Comptroller General, shall” and inserting “shall designate a member of the review panel to”; and
in subparagraph (D), by striking “Comptroller General” and inserting “Secretary”.