Sec. 907. Qualifications for appointment and additional duties and powers of certain officials within the Office of the Under Secretary of Defense (Comptroller)
457 words·~2 min read·
/bill/115/s/1519/pcs/section-907A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subsection
(a)of section 135 of title 10, United States Code, is amended— by inserting
(1)after
(a); and by adding at the end the following new paragraph: Any individual appointed as Under Secretary of Defense (Comptroller) shall be an individual who— has significant financial management service in— a Federal or State agency that received an audit with an unqualified opinion on such agency’s financial statements during the time of such individual’s service; or a public company that received an audit with an unqualified opinion on such company’s financial statements during the time of such individual’s service; or has served as chief financial officer, deputy chief financial officer, or an equivalent executive-level position with direct authority for financial management in a large public or private sector organization. In this paragraph, the term public company has the meaning given the term issuer in section 2(7) of the Sarbanes-Oxley Act of 2002 ( 15 U.S.C. 7201(7) ). . Such section is further amended— by redesignating subsections
(d)and
(e)as subsections
(e)and (f), respectively; and by inserting after subsection
(c)the following new subsection (d): In addition to any duties under subsection (c), the Under Secretary of Defense (Comptroller) shall, subject to the authority, direction, and control of the Secretary of Defense, do the following: Provide guidance and instruction on annual performance plans and evaluations to the following: The Assistant Secretaries of the military departments for financial management. Any other official of an agency, organization, or element of the Department of Defense with responsibility for financial management. Give directions to the military departments, Defense Agencies, and other organizations and elements of the Department of Defense regarding their financial statements and the audit and audit readiness of such financial statements. . Any individual appointed as Deputy Chief Financial Officer of the Department of Defense shall be an individual who— has significant financial management service in— a Federal or State agency that received an audit with an unqualified opinion on such agency’s financial statements during the time of such individual’s service; or a public company that received an audit with an unqualified opinion on such company’s financial statements during the time of such individual’s service; or has served as chief financial officer, deputy chief financial officer, or an equivalent executive-level position with direct authority for financial management in a large public or private sector organization. In this subsection, the term public company has the meaning given the term issuer in section 2(7) of the Sarbanes-Oxley Act of 2002 ( 15 U.S.C. 7201(7) ). This section and the amendments made by this section shall take effect on the date of the enactment of this Act, and shall apply with respect to appointments that are made on or after that date.
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 907
Qualifications for appointment and additional duties and powers of certain officials within the Office of the Under Secretary of Defense (Comptroller)
Cites 1Cited by 0 across 0 sources