S.Amdt. 1511

1. Adds SEC. __. ESTABLISHMENT OF THE OFFICE OF AUDITOR GENERAL OF THE NATIONAL SCIENCE FOUNDATION wherever appropriate

   Adds a section

   Inserted: SEC. __. ESTABLISHMENT OF THE OFFICE OF AUDITOR GENERAL OF THE NATIONAL SCIENCE FOUNDATION.

   Inserted: (a) Sense of Congress.--It is the sense of Congress that--

   Inserted: (1) the National Science Foundation should pass a financial statement audit on a yearly basis; and

   Inserted: (2) the National Science Foundation should be able to demonstrate the recipients of all appropriated money.

   Inserted: (b) Appointment.--

   Inserted: (1) In general.--There is established in the National Science Foundation an Office of Auditor General to be headed by an Auditor General who shall be appointed from civilian life by the President, by and with the advice and consent of the Senate, from among individuals who have--

   Inserted: (A) an extensive financial management or accounting background; and

   Inserted: (B) experience with successfully presenting the financial statements of a large or complex organization and obtaining an unmodified opinion on audits of such financial statements.

   Inserted: (2) Ineligibility.--An individual shall not be eligible to be appointed as Auditor General under paragraph (1) if the individual is an employee of the National Science Foundation or was an employee of the National Science Foundation at any point in the 7-year period preceding the date of the appointment.

   Inserted: (c) Role.--The Auditor General appointed under subsection (b) shall fulfill the role of internal auditor of the National Science Foundation through conducting independent review of the financial administration of the National Science Foundation.

   Inserted: (d) Duties and Authorities.--Subject to the authority, direction, and control of the Director of the National Science Foundation, the Auditor General appointed under subsection (b) shall perform such duties and exercise such authorities as the Director may prescribe, including the following:

   Inserted: (1) Managing the day-to-day accounting and finance activities of the National Science Foundation.

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   Inserted: (2) Establishing policies, procedures, and requirements to ensure that all financial statements of the National Science Foundation are able to be audited.

   Inserted: (3) Exercising authority, direction, and control over the financial statements of the National Science Foundation, including authority to direct the provision of financial information required for the audit.

   Inserted: (4) Providing to Congress on a yearly basis, a report of all research expenditures, grants, and awards, including identification of any foreign recipients of expenditures, grants, or awards.

   Inserted: (5) Evaluating and providing recommendations regarding--

   Inserted: (A) indirect costs charged to grants;

   Inserted: (B) duplication and overlap in funding among different grants and other government agencies and programs; and

   Inserted: (C) the cost effectiveness of initiatives in meeting the stated goals and missions.

   The amendment doesn't say where this goes; the clerk decides.

   Original wording

   At the appropriate place, insert the following:

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As printed