Section 1 Improving transparency of the United States Center for Safe Sport
“(e) Funding accountability
“(1) In general—Amounts transferred to the Center by the corporation or a national governing body shall be used primarily for the investigation and resolution of allegations of sexual misconduct, or other misconduct, made by amateur athletes affiliated with the corporation, a national governing body, or a paralympic sports organization, in accordance with section 220503(15).
“(2) Use of funds
“(A) In general—Of the amounts made available to the Center by the corporation or a national governing body in a fiscal year for the purpose described in section 220503(15)—
“(i) not less than 50 percent shall be used for processing the investigation and resolution of allegations described in paragraph (1);
“(ii) not more than 10 percent may be used for executive compensation of officers and directors of the Center; and
“(iii) not more than 20 percent may be used for administrative expenses of the Center, except that the reasonable travel expenses of investigative personnel of the Center and litigation expenses of the Center shall not be counted toward such amount.
“(B) Reserve funds
“(i) In general—If, after the Center uses the amounts as allocated under subparagraph (A), the Center does not use the entirety of the remaining amounts for the purpose described in paragraph (1), the Center may retain not more than 25 percent of such amounts as reserve funds.
“(ii) Return of funds—The Center shall return to the corporation and national governing bodies any amounts, proportional to the contributions of the corporation and national governing bodies, that remain after the retention described in clause (i).
“(C) Lobbying and fundraising—Amounts made available to the Center under this paragraph may not be used for lobbying or fundraising expenses.
“(3) Conferences and training—The Center shall, to the maximum extent practicable, seek reimbursement for the reasonable expenses associated with hosting or supporting conferences for, and providing training or technical assistance to, individuals who are not employees of the Center.”
“(b) Audits and transparency
“(1) Annual audit
“(A) In general—Not less frequently than annually, the financial statements of the Center for the preceding fiscal year shall be audited by an independent auditor in accordance with generally accepted accounting principles—
“(i) to ensure the adequacy of the internal controls of the Center; and
“(ii) to prevent waste, fraud, or misuse of funds transferred to the Center by the corporation or the national governing bodies.
“(B) Location—An audit under subparagraph (A) shall be conducted at the location at which the financial statements of the Center normally are kept.
“(C) Report—Not later than 180 days after the date on which an audit under subparagraph (A) is completed, the independent auditor shall issue an audit report.
“(D) Corrective action plan
“(i) In general—On completion of the audit report under subparagraph (C) for a fiscal year, the Center shall prepare, in a separate document, a corrective action plan that responds to any corrective action recommended by the independent auditor.
“(ii) Matters to be included—A corrective action plan under clause (i) shall include the following for each such corrective action:
“(I) The name of the person responsible for the corrective action.
“(II) A description of the planned corrective action.
“(III) The anticipated completion date of the corrective action.
“(IV) In the case of a recommended corrective action based on a finding in the audit report with which the Center disagrees, or for which the Center determines that corrective action is not required, an explanation and a specific reason for noncompliance with the recommendation.
“(2) Access to records and personnel—With respect to an audit under paragraph (1), the Center shall provide the independent auditor access to all records, documents, and personnel and financial statements of the Center necessary to carry out the audit.
“(3) Public availability
“(A) In general—The Center shall make available to the public on an easily accessible internet website of the Center—
“(i) each audit report under paragraph (1)(C); and
“(ii) the Internal Revenue Service Form 990 of the Center for each year filed under section 501(c) of the Internal Revenue Code of 1986.
“(B) Personally identifiable information—An audit report or the minutes made available under subparagraph (A) shall not include the personally identifiable information of any individual.
“(4) Rule of construction—For purposes of this subsection, the Center shall be considered a private entity.
“(c) Petitions for equitable relief—The Attorney General may petition in the United States District Court for the District of Columbia for removal of officers and directors of the Center, as may be necessary or appropriate, if the Center—
“(1) engages in, or threatens to engage in, any act, practice, or policy that is materially inconsistent with the purpose described in section 220503(15); or
“(2) refuses, fails, or neglects to discharge, or threatens to refuse, fail, or neglect to discharge, the obligations of the Center to protect the safety of amateur athletes under this chapter.
“(d) Report—The Center shall submit an annual report to Congress, including—
“(1) a strategic plan with respect to the manner in which the Center shall fulfill its duties under sections 220541 and 220542;
“(2) a detailed description of the efforts made by the Center to comply with such strategic plan during the preceding year;
“(3) any financial statement necessary to present fairly the assets, liabilities, and surplus or deficit of the Center for the preceding year;
“(4) an analysis of the changes in the amounts of such assets, liabilities, and surplus or deficit during the preceding year;
“(5) a detailed description of Center activities, including—
“(A) the number and nature of misconduct complaints referred to the Center;
“(B) the total number and type of pending misconduct complaints under investigation by the Center;
“(C) the number of misconduct complaints for which an investigation was terminated or otherwise closed by the Center; and
“(D) the number of such misconduct complaints reported to law enforcement agencies by the Center for further investigation;
“(6) information relating to the educational activities and trainings conducted by the office of education and outreach of the Center during the preceding year, including the number of educational activities and trainings developed and provided; and
“(7) a description of the activities of the Center.
“(e) Definitions—In this section—
“(1) audit report means a report by an independent auditor that includes—
“(A) an opinion or a disclaimer of opinion that presents the assessment of the independent auditor with respect to the financial records of the Center, including whether such records are accurate and have been maintained in accordance with generally accepted accounting principles;
“(B) an assessment of the internal controls used by the Center that describes the scope of testing of the internal control and the results of such testing; and
“(C) a compliance assessment that includes an opinion or a disclaimer of opinion as to whether the Center has complied with the terms and conditions of subsection (b); and
“(2) independent auditor means an independent certified public accountant or independent licensed public accountant, certified or licensed by a regulatory authority of a State or a political subdivision of a State, who meets the standards specified in generally accepted accounting principles.”