July 25, 2000
THOMPSON AND LIEBERMAN LAUD
REPORTS CONSOLIDATION ACT PASSAGE
Bill Gives American People
True Picture of What Agencies Are Achieving
Washington - Senate Governmental Affairs
Committee Chairman Fred Thompson (R-TN) and Ranking Minority Member Joseph
Lieberman (D-CT) today lauded Senate passage of S. 2712, the Reports
Consolidation Act of 2000, legislation allowing federal agencies to consolidate
into one annual report several different financial and performance management
reports now required by law.
"By providing a comprehensive picture of
each agency’s performance, these reports will give Congress and the American
people a true picture of what federal agencies are achieving - or not achieving
- with taxpayer dollars," Chairman Thompson said. "They will be vital
tools in our efforts to improve government performance."
"These reports will provide key information
about an agency's finances and performance in a single, consolidated document
that will make it easier for Congress and the American public to understand
what government is accomplishing," said Senator Lieberman.
According to Thompson and Lieberman, the report
will include key information about the management of an agency's finances as
well as data on the extent to which an agency is accomplishing its goals. It
will also include a summary and assessment by the agency's Inspector General of
the most serious management and performance challenges facing the agency and
the agency's progress in addressing them.
Beginning in 2003, the consolidated report would
be due for most agencies by March 1 of each year, in time to be analyzed by
members of Congress prior to the start of the appropriations process. (Agencies
will have until March 31 to submit these reports in 2001 and 2002.)
The Reports Consolidation Act was approved by
unanimous consent of the Senate on July 19, 2000, and will now be considered by
the House of Representatives.
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