(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.