Sec. 105. Responsibilities of Chief Financial Officer
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Section 702 of the Homeland Security Act of 2002 ( 6 U.S.C. 342 ) is amended— by redesignating subsections
(b)and
(c)as subsections
(c)and (d), respectively; and by inserting after subsection
(a)the following new subsection (b): The Chief Financial Officer, in consultation with the Under Secretary for Management and the Under Secretary for Intelligence and Analysis, as appropriate, shall— oversee Department budget formulation and execution; 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; lead cost-estimating practices for the Department, including the development of policies on cost estimating and approval of life cycle cost estimates; coordinate with the Office of Strategy, Policy, and Plans to ensure that the development of the budget for the Department is compatible with the long-term strategic plans, priorities, and policies of the Secretary; develop financial management policy for the Department and oversee the implementation of such policy, including the establishment of effective internal controls over financial reporting systems and processes throughout the Department; provide guidance for and over financial system modernization efforts throughout the Department; lead the efforts of the Department related to financial oversight, including identifying ways to streamline and standardize business processes; oversee the costs of acquisition programs and related activities to ensure that actual and planned costs are in accordance with budget estimates and are affordable, or can be adequately funded, over the lifecycle of such programs and activities; fully implement a common accounting structure to be used across the entire Department by fiscal year 2020; and track, approve, oversee, and make public information on expenditures by components of the Department for conferences, as appropriate, including by requiring each component to— report to the Inspector General of the Department the expenditures by such 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 title VII of division E of the Consolidated and Further Continuing Appropriations Act, 2015 ( Public Law 113–235 ); and documentation of such expenditures. .
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