Page:United States Statutes at Large Volume 118.djvu/1305

 118 STAT. 1275 PUBLIC LAW 108–330—OCT. 16, 2004 Public Law 108–330 108th Congress An Act To amend title 31, United States Code, to improve the financial accountability requirements applicable to the Department of Homeland Security, to establish requirements for the Future Years Homeland Security Program of the Department, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as ‘‘Department of Homeland Security Financial Accountability Act’’. SEC. 2. FINDINGS. The Congress finds the following: (1) Influential financial management leadership is of vital importance to the mission success of the Department of Home land Security. For this reason, the Chief Financial Officer of the Department must be a key figure in the Department’s management. (2) To provide a sound financial leadership structure, the provisions of law enacted by the Chief Financial Officers Act of 1990 (Public Law 101–576) provide that the Chief Financial Officer of each of the Federal executive departments is to be a Presidential appointee who reports directly to the Secretary of that department on financial management matters. Because the Department of Homeland Security was only recently cre ated, the provisions enacted by that Act must be amended to include the Department within these provisions. (3) The Department of Homeland Security was created by consolidation of 22 separate Federal agencies, each with its own accounting and financial management system. None of these systems was developed with a view to executing the mission of the Department of Homeland Security to prevent terrorist attacks within the United States, reduce the Nation’s vulnerability to terrorism, and minimize the damage and assist in the recovery from terrorist attacks. For these reasons, a strong Chief Financial Officer is needed within the Department both to consolidate financial management operations, and to insure that management control systems are comprehensively designed to achieve the mission and execute the strategy of the Department. (4) The provisions of law enacted by the Chief Financial Officers Act of 1990 require agency Chief Financial Officers to improve the financial information available to agency man agers and the Congress. Those provisions also specify that Department of Homeland Security Financial Accountability Act. 6 USC 101 note. 6 USC 342 note. Oct. 16, 2004 [H.R. 4259]

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