Sec. 3. Investigations, compliance, and ethics unit
557 words·~3 min read·
/bill/114/s/3128/is/section-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Chapter 3001 of title 36, United States Code, is amended— by redesignating section 300113 as section 300114; and by inserting after section 300112 the following: There shall be in the corporation an Office of Investigations, Compliance, and Ethics, which— shall be a subcommittee of the Audit and Risk Management Committee of the corporation; and shall report directly to the board of governors and the Audit and Risk Management Committee. An individual who is not a member of the board of governors of the corporation may be a member of the Office of Investigations, Compliance, and Ethics.
The Audit and Risk Management Committee of the corporation shall determine, in consultation with the Chief Executive Officer and the President of the corporation, the number of employees that shall be employed by the Office of Investigations, Compliance, and Ethics. If the Audit and Risk Management Committee of the corporation ceases to exist— the Office of Investigations, Compliance, and Ethics shall become a standing committee of the board of governors; and the board of governors, in consultation with the Chief Executive Officer and President of the corporation, shall determine the number of employees to be employed by the Office of Investigations, Compliance, and Ethics.
The Office of Investigations, Compliance, and Ethics shall conduct formal investigations relating to fraud, waste, abuse, corporation policy violations, illegal or unethical conduct, or other wrongdoing relating to the corporation. During the course of an investigation under paragraph (1), the Office shall— have access to and the right to interview any employee, volunteer, or agent of the corporation; and have access to records and be permitted to copy all records and other recorded information, electronic or otherwise, within the possession or control of the corporation, including such records and other recorded information relating to the financial transactions and internal governance of the corporation, that the Office of Investigations, Compliance, and Ethics determines relevant to the investigation.
In this subsection, the term appropriate congressional committees means— the Committee on Finance, the Committee on Foreign Relations, the Committee on Health, Education, Labor, and Pensions, the Committee on Homeland Security and Governmental Affairs, and the Committee on the Judiciary of the Senate; and the Committee on Energy and Commerce, the Committee on Foreign Affairs, the Committee on Homeland Security, the Committee on the Judiciary, and the Committee on Ways and Means of the House of Representatives.
The Office of Investigations, Compliance, and Ethics shall annually submit to the appropriate congressional committees, the board of governors, the Audit and Risk Management Committee, the Chief Executive Officer of the corporation, the President, the Comptroller General, and to any Member of Congress (upon request)— a report— discussing any trends and systemic matters that the Office of Investigations, Compliance, and Ethics has identified confronting the corporation; and providing the number of pending investigations by the Office of Investigations, Compliance, and Ethics and the general substance of the investigations; and the final report regarding each investigation completed by the Office of Investigations, Compliance, and Ethics during the year covered by the report under subparagraph (A). .
The table of sections for chapter 3001 of title 36, United States Code, is amended by striking the item relating to section 300113 and inserting the following: 300113. Reporting and other authorities of the Office of Investigations, Compliance, and Ethics. 300114. Reservation of right to amend or repeal. .