To allow the Secretary of Defense to request an extension to report financial and payment information data.

SA 2971. Mr. WARNER (for Mr. Carper) proposed an amendment to amendment SA 2970 proposed by Mr. Warner (for Mr. Carper (for himself, Mr. Coburn, Mr. Warner, and Mr. Portman)) to the bill S. 994, to expand the Federal Funding Accountability and Transparency Act of 2006 to increase accountability and transparency in Federal spending, and for other purposes; as follows:

On page 9, strike lines 17 through 21 and insert the following:

“(2) Agencies.--

“(A) In general.--Except as provided in subparagraph (B), not later than 2 years after the date on which the guidance under paragraph (1) is issued, each Federal agency shall report financial and payment information data in accordance with the data standards established under subsection (a).

“(B) Noninterference with auditability of department of defense financial statements.--

“(i) In general.--Upon request by the Secretary of Defense, the Director may grant an extension of the deadline under subparagraph (A) to the Department of Defense for a period of not more than 6 months to report financial and payment information data in accordance with the data standards established under subsection (a).

“(ii) Limitation.--The Director may not grant more than 3 extensions to the Secretary of Defense under clause (i).

“(iii) Notification.--The Director of the Office of Management and Budget shall notify the Committee on Homeland Security and Governmental Affairs and the Committee on Armed Services of the Senate and the Committee on Oversight and Government Reform and the Committee on Armed Services of the House of Representatives of--

“(I) each grant of an extension under clause (i); and

“(II) the reasons for granting such an extension.