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Code · BILL · 114th Congress · H.R. 5583 (Introduced in House) — To streamline and harmonize Federal research regulations on institutions of higher education, and for other purposes. · Sec. 5

Sec. 5. Exceptions to subrecipient monitoring under the Single Audit Act

114 words·~1 min read·/bill/114/hr/5583/ih/section-5·

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The Director of the Office of Management and Budget shall exempt prime grant-receiving institutions from the monitoring of a subrecipient’s single audit of institutional systems and business practices related to the requirements under chapter 75 of title 31, United States Code, if— the prime and subrecipient are research institutions subject to audits under such chapter; and the subaward is for the performance of work that is required to be listed on a recipient’s schedule of expenditures of Federal awards.
In this section, the term single audit means the practices related to the requirements under chapter 75 of title 31, United States Code, as implemented in part 200 of title 2, Code of Federal Regulations.
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