S.Amdt. 3637

1. Adds SEC. 4. CANCELLATION CEILINGS FOR STEWARDSHIP END RESULT AGREEMENTS AND CONTRACTS at the end of the bill

   Adds a section

   In S. 2569 · Placed on Calendar Senate

   (d) Effective Date.--The amendments made by this section shall apply to amounts paid or incurred after the date of the enactment of this Act.

   Inserted: SEC. 4. CANCELLATION CEILINGS FOR STEWARDSHIP END RESULT AGREEMENTS AND CONTRACTS.

   Inserted: Section 604(d) of the Healthy Forests Restoration Act of 2003 (16 U.S.C. 6591c(d)) is amended--

   Inserted: (1) by redesignating paragraphs (5), (6), and (7) as paragraphs (6), (7), and (8), respectively; and

   Inserted: (2) by inserting after paragraph (4) the following:

   Inserted: "(5) Cancellation ceilings.--

   Inserted: "(A) In general.--The Chief and the Director may obligate funds to cover any potential cancellation or termination costs for an agreement or contract under subsection (b) in stages that are economically or programmatically viable.

   Inserted: "(B) Notice.--

   Inserted: "(i) Submission to congress.--Not later than 30 days before entering into a multiyear agreement or contract under subsection (b) that includes a cancellation ceiling in excess of $25,000,000, but does not include proposed funding for the costs of cancelling the agreement or contract up to the cancellation ceiling established in the agreement or contract, the Chief and the Director shall submit to the Committee on Energy and Natural Resources of the Senate and the Committee on Natural Resources of the House of Representatives a written notice that includes--

   Inserted: "(I)(aa) the cancellation ceiling amounts proposed for each program year in the agreement or contract; and

   Inserted: "(bb) the reasons for the cancellation ceiling amounts proposed under item (aa);

   Inserted: "(II) the extent to which the costs of contract cancellation are not included in the budget for the agreement or contract; and

   Inserted: "(III) a financial risk assessment of not including budgeting for the costs of agreement or contract cancellation.

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   Inserted: "(ii) Transmittal to omb.--At least 14 days before the date on which the Chief and Director enter into an agreement or contract under subsection (b), the Chief and Director shall transmit to the Director of the Office of Management and Budget a copy of the written notice submitted under clause (i).".

   Original wording

   At the end, add the following:

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As printed