View Amendment Current Amendment: 5 to Bill 4000 Rep. TOOLE proposes the following Amendment No. 5 to H.4000 as introduced by Ways & Means
(Doc Name h:\legwork\house\amend\h-wm\004\commercereport.docx):

EXPLANATION: Requires Department of Commerce to issue quarterly expenditure reports.

Amend the bill, as and if amended, Part IB, Section 50, DEPARTMENT OF COMMERCE, page 397, after line 17, by adding an appropriately numbered paragraph to read:
/ (CMRC: Quarterly Expenditure Report)      In order to ensure transparency and accountability, the Department of Commerce shall report quarterly to the Senate Finance Committee and House Ways and Means Committee on all financial transactions that have taken place at the department. For each transfer, payment, or reimbursement the report must specify the amount, the reason for, or circumstance that necessitated the transaction, and the source of funds used. In the event federal or other funds were utilized, the source from which the revenue was generated must also be included. The report must be submitted as soon after the end of each quarter as practicable./

Renumber sections to conform.
Amend totals and titles to conform.