Page:United States Statutes at Large Volume 100 Part 3.djvu/939

 PUBLIC LAW 99-514—OCT. 22, 1986

100 STAT. 2747

include any real estate broker (as defined in section 6045(e)(2))". (c) EFFECTIVE DATE.—The amendments made by this section shall apply to real estate transactions closing after December 31, 1986. SEC. 1522. INFORMATION REPORTING ON PERSONS RECEIVING CONTRACTS FROM CERTAIN FEDERAL AGENCIES.

(a) IN GENERAL.—Subpart B of part III of subchapter A of chapter 61 (relating to information concerning transactions with other persons) is amended by adding at the end thereof the following new section: "SEC. 6050M. RETURNS RELATING TO PERSONS RECEIVING CONTRACTS FROM FEDERAL EXECUTIVE AGENCIES.

"(a) REQUIREMENT OF REPORTING.—The head of every Federal executive agency which enters into any contract shall make a return (at such time and in such form as the Secretary may by regulations prescribe) setting forth— "(1) the name, address, and TIN of each person with which ii such agency entered into a contract during the calendar year, J and "(2) such other information as the Secretary may require. "(b) FEDERAL EXECUTIVE AGENCY.—For purposes of this section, the term 'Federal executive agency* means— "(1) any Executive agency (as defined in section 105 of title 5, United States Code) other than the General Accounting Office, "(2) any military department (as defined in section 102 of such title), and "(3) the United States Postal Service and the Postal Rate Commission. "(c)

AUTHORITY TO EXTEND REPORTING TO LICENSES AND SUB-

CONTRACTS.—To the extent provided in regulations, this section also shall apply to— "(1) licenses granted by Federal executive agencies, and "(2) subcontracts under contracts to which subsection (a) ^ applies. "(d) AUTHORITY TO PRESCRIBE MINIMUM AMOUNTS.—This section shall not apply to contracts or licenses in any class which are below a minimum amount or value which may be prescribed by the Secretary by regulations for such class." (b) CLERICAL AMENDMENT.—The table of sections for such subpart B is amended by adding at the end thereof the following new item: ^j "Sec. 6050M. Returns relating to persons receiving contracts from Federal '^*"'' * executive agencies."

(c) EFFECTIVE DATE.—The amendments made by this section shall apply to contracts (and subcontracts) entered into, and licenses granted, before, on, or after January 1, 1987. SEC. 1523. RETURNS REGARDING PAYMENTS OF ROYALTIES.

(a) IN GENERAL.—Subpart B of part III of subchapter A of chapter 61 (relating to information concerning transactions with other persons) is amended by adding at the end thereof the following new section: "SEC. 6050N. RETURNS REGARDING PAYMENTS OF ROYALTIES. "(a) REQUIREMENT OF REPORTING.—Every person—

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