Sec. 108. Chief Financial Officer
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Section 702 of the Homeland Security Act of 2002 ( 6 U.S.C. 341 ) is amended by redesignating subsections
(b)and
(c)as subsections
(c)and (d), respectively, and by inserting after subsection
(a)the following: Notwithstanding sections 901 and 1122 of title 31, United States Code, the Chief Financial Officer, in consultation with the Under Secretary for Management and the Under Secretary for Intelligence and Analysis, as appropriate, shall— lead cost-estimating practices for the Department, including the development of the Department’s policy on cost estimating and approval of life cycle cost estimates; oversee coordination with the Office of Policy on the Department’s long-term strategic planning to ensure that the development of the Department’s budget is compatible with the priorities, strategic plans, and policies established by the Secretary; develop and oversee the Department’s financial management policy; provide guidance for and over financial system modernization efforts throughout the Department; establish effective internal controls over financial reporting systems and processes throughout the Department; lead assessments of internal controls related to the Department’s financial management systems and review financial processes to ensure that internal controls are designed properly and operate effectively; lead the Department’s efforts related to financial oversight, including identifying ways to streamline and standardize business processes; lead and provide guidance on performance-based budgeting practices for the Department to ensure that the Department and its components are meeting missions and goals; ensure that Department components’ senior financial officers certify that their major acquisition programs have adequate resources to execute their programs through the 5-year future years homeland security program period, so that the Department’s funding requirements for major acquisition programs match expected resources; ensure that components identify and report all expected costs of acquisition programs to the Chief Financial Officer of the Department; oversee Department budget formulation and execution; fully implement a common accounting structure to be used across the entire Department by fiscal year 2019; and track, approve, oversee, and make public information on expenditures by components of the Department for conferences, as appropriate, including by requiring each component of the Department to— report to the Inspector General of the Department the expenditures by the component for each conference hosted or attended by Department employees for which the total expenditures of the Department exceed $20,000, within 15 days after the date of the conference; and with respect to such expenditures, provide to the Inspector General— the information described in subsections (a), (b), and
(c)of section 739 of Public Law 113–235 ; and documentation of such expenditures. .
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