Sec. 922. Qualifications for appointment of Assistant Secretaries of the military departments for financial management
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Section 3016(b)(4) of title 10, United States Code, is amended— by inserting
(A)after
(4); by striking The Assistant Secretary shall have as his principal responsibility and inserting the following: The principal responsibility of the Assistant Secretary shall be ; and by inserting after subparagraph (A), as designated by paragraph (1), the following new subparagraph (B): Any individual appointed as Assistant Secretary 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 subparagraph, 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) ). . Section 5016(b)(3) of such title is amended— by inserting
(A)after
(3); by striking The Assistant Secretary shall have as his principal responsibility and inserting the following: The principal responsibility of the Assistant Secretary shall be ; and by inserting after subparagraph (A), as designated by paragraph (1), the following new subparagraph (B): Any individual appointed as Assistant Secretary 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 subparagraph, 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) ). . Section 8016(b)(3) of such title is amended— by inserting
(A)after
(3); by striking The Assistant Secretary shall have as his principal responsibility and inserting the following: The principal responsibility of the Assistant Secretary shall be ; and by inserting after subparagraph (A), as designated by paragraph (1), the following new subparagraph (B): Any individual appointed as Assistant Secretary 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 subparagraph, 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) ). . 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.
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Sec. 922
Qualifications for appointment of Assistant Secretaries of the military departments for financial management
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