Page:United States Statutes at Large Volume 124.djvu/2258

 124 STAT. 2232 PUBLIC LAW 111–204—JULY 22, 2010 terminating or in any way limiting authorities that are other- wise available to agencies under existing provisions of law to recover improper payments and use recovered amounts. (i) REPORT ON RECOVERY AUDITING.—Not later than 2 years after the date of the enactment of this Act, the Chief Financial Officers Council established under section 302 of the Chief Financial Officers Act of 1990 (31 U.S.C. 901 note), in consultation with the Council of Inspectors General on Integrity and Efficiency estab- lished under section 7 of the Inspector General Reform Act of 2009 (Public Law 110–409) and recovery audit experts, shall conduct a study of— (1) the implementation of subsection (h); (2) the costs and benefits of agency recovery audit activities, including— (A) those activities under subsection (h); and (B) the effectiveness of using the services of— (i) private contractors; (ii) agency employees; (iii) cross-servicing from other agencies; or (iv) any combination of the provision of services described under clauses (i) through (iii); and (3) submit a report on the results of the study to— (A) the Committee on Homeland Security and Govern- mental Affairs of the Senate; (B) the Committee on Oversight and Government Reform of the House of Representatives; and (C) the Comptroller General. SEC. 3. COMPLIANCE. (a) DEFINITIONS.—In this section: (1) AGENCY.—The term ‘‘agency’’ has the meaning given under section 2(f) of the Improper Payments Information Act of 2002 (31 U.S.C. 3321 note) as redesignated by this Act. (2) ANNUAL FINANCIAL STATEMENT.—The term ‘‘annual financial statement’’ means the annual financial statement required under section 3515 of title 31, United States Code, or similar provision of law. (3) COMPLIANCE.—The term ‘‘compliance’’ means that the agency— (A) has published an annual financial statement for the most recent fiscal year and posted that report and any accompanying materials required under guidance of the Office of Management and Budget on the agency website; (B) if required, has conducted a program specific risk assessment for each program or activity that conforms with section 2(a) the Improper Payments Information Act of 2002 (31 U.S.C. 3321 note); and (C) if required, publishes improper payments estimates for all programs and activities identified under section 2(b) of the Improper Payments Information Act of 2002 (31 U.S.C. 3321 note) in the accompanying materials to the annual financial statement; (D) publishes programmatic corrective action plans pre- pared under section 2(c) of the Improper Payments Information Act of 2002 (31 U.S.C. 3321 note) that the 31 USC 3321 note. Study.