Page:United States Statutes at Large Volume 124.djvu/2733

 124 STAT. 2707 PUBLIC LAW 111–259—OCT. 7, 2010 community may designate himself or herself as the senior intel- ligence management official responsible for correcting a long- standing, correctable material weakness under paragraph (1). (3) REQUIREMENT TO UPDATE DESIGNATION.—If the head of a covered element of the intelligence community determines that a senior intelligence management official designated under paragraph (1) is no longer responsible for correcting a long- standing, correctable material weakness, the head of such ele- ment shall designate the successor to such official not later than 10 days after the date of such determination. (c) NOTIFICATION.—Not later than 10 days after the date on which the head of a covered element of the intelligence community has designated a senior intelligence management official pursuant to paragraph (1) or (3) of subsection (b), the head of such element shall provide written notification of such designation to the Director of National Intelligence and to such senior intelligence management official. (d) CORRECTION OF LONG-STANDING, MATERIAL WEAKNESS.— (1) DETERMINATION OF CORRECTION OF DEFICIENCY.—If a long-standing, correctable material weakness is corrected, the senior intelligence management official who is responsible for correcting such long-standing, correctable material weakness shall make and issue a determination of the correction. (2) BASIS FOR DETERMINATION.—The determination of the senior intelligence management official under paragraph (1) shall be based on the findings of an independent review. (3) NOTIFICATION AND SUBMISSION OF FINDINGS.—A senior intelligence management official who makes a determination under paragraph (1) shall— (A) notify the head of the appropriate covered element of the intelligence community of such determination at the time the determination is made; and (B) ensure that the independent auditor whose findings are the basis of a determination under paragraph (1) sub- mits to the head of the covered element of the intelligence community and the Director of National Intelligence the findings that such determination is based on not later than 5 days after the date on which such determination is made. (e) CONGRESSIONAL OVERSIGHT.—The head of a covered element of the intelligence community shall notify the congressional intel- ligence committees not later than 30 days after the date— (1) on which a senior intelligence management official is designated under paragraph (1) or (3) of subsection (b) and notified under subsection (c); or (2) of the correction of a long-standing, correctable material weakness, as verified by an independent auditor under sub- section (d)(2). SEC. 369. INTELLIGENCE COMMUNITY FINANCIAL IMPROVEMENT AND AUDIT READINESS. Not later than 180 days after the date of the enactment of this Act, the Director of National Intelligence shall— (1) conduct a review of the status of the auditability compli- ance of each element of the intelligence community; and Review. Deadlines. Notification. Deadline. Deadline. Deadline. Deadline.