---
kind: "section"
citation: "22 U.S.C. § 3385"
title: "22"
title_heading: "Foreign Relations and Intercourse"
number: "3385"
heading: "Reports and audits"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/22/3385"
units:
  - "Chapter 48A — Taiwan Enhanced Resilience"
  - "Subchapter IV — Supporting United States Educational and Exchange Programs with Taiwan"
---

# §3385. Reports and audits

- (a) **Annual report—** Not later than 90 days after the selection of the first class of fellows under this subchapter, and annually thereafter for 7 years, the Department of State shall offer to brief the [appropriate committees of Congress](/usc/22/3383.md?p=3) regarding the following issues:
  - (1) An assessment of the performance of the [implementing partner](/usc/22/3383.md?p=5) in fulfilling the purposes of this subchapter.
  - (2) The names and sponsoring agencies of the fellows selected by the [implementing partner](/usc/22/3383.md?p=5) and the extent to which such fellows represent the diversity of the United States.
  - (3) The names of the parliamentary offices, ministries, other agencies of Taiwan, and nongovernmental institutions to which each fellow was assigned during the second year of the fellowship.
  - (4) Any recommendations, as appropriate, to improve the implementation of the Taiwan Fellowship [Program](/usc/22/3383.md?p=6), including added flexibilities in the administration of the [program](/usc/22/3383.md?p=6).
  - (5) An assessment of the Taiwan Fellowship [Program](/usc/22/3383.md?p=6)’s value upon the relationship between the United States and Taiwan or the United States and Asian countries.
- (b) **Annual financial audit—**
  - (1) **In general—** The financial records of any [implementing partner](/usc/22/3383.md?p=5) shall be audited annually in accordance with generally accepted government auditing standards by independent certified public accountants or independent licensed public accountants who are certified or licensed by a regulatory authority of a State or another political subdivision of the United States.
  - (2) **Location—** Each audit under [paragraph (1)](#b-1) shall be conducted at the place or places where the financial records of the [implementing partner](/usc/22/3383.md?p=5) are normally kept.
  - (3) **Access to documents—** The [implementing partner](/usc/22/3383.md?p=5) shall make available to the accountants conducting an audit under [paragraph (1)](#b-1)—
    - (A) all books, financial records, files, other papers, things, and property belonging to, or in use by, the [implementing partner](/usc/22/3383.md?p=5) that are necessary to facilitate the audit; and
    - (B) full facilities for verifying transactions with the balances or securities held by depositories, fiscal agents, and custodians.
  - (4) **Report—**
    - (A) **In general—** Not later than 270 days after the end of each fiscal year, the [implementing partner](/usc/22/3383.md?p=5) shall provide a report of the audit conducted for such fiscal year under [paragraph (1)](#b-1) to the Department of State and the American Institute in Taiwan.
    - (B) **Contents—** Each audit report shall—
      - (i) set forth the scope of the audit;
      - (ii) include such statements, along with the auditor’s opinion of those statements, as may be necessary to present fairly the [implementing partner](/usc/22/3383.md?p=5)’s assets and liabilities, surplus or deficit, with reasonable detail;
      - (iii) include a statement of the [implementing partner](/usc/22/3383.md?p=5)’s income and expenses during the year; and
      - (iv) include a schedule of—
        - (I) all contracts and cooperative agreements requiring payments greater than $5,000; and
        - (II) any payments of compensation, salaries, or fees at a rate greater than $5,000 per year.
    - (C) **Copies—** Each audit report shall be produced in sufficient copies for distribution to the public.

## Source credit

(Pub. L. 117–263, div. E, title LV, § 5531, Dec. 23, 2022, 136 Stat. 3329.)