Sec. 303. 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: In carrying out the responsibilities, authorities, and functions specified in section 902 of title 31, United States Code, the Chief Financial Officer shall— oversee Department budget formulation and execution; provide guidance with respect to performance-based budgeting practices for the Department; develop cost-estimating practices for the Department, including policies relating to cost-estimating and approval of life-cycle cost estimates; coordinate with the Office of Strategy, Policy, and Plans to ensure the development of the budget for the Department is compatible with the long-term strategic plans, priorities, and policies of the Secretary; develop and manage the financial management policy of the Department, including effective internal controls with respect to financial reporting systems and processes; provide guidance relating to financial system modernization efforts throughout the Department; develop and lead the efforts of the Department with respect 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; or adequate funding throughout the life-cycle of such programs and activities; implement, by fiscal year 2022, a Department-wide common accounting structure; track, approve (where appropriate), oversee, and make public information relating to expenditures by components and offices of the Department for conferences, as appropriate, including by requiring each component and office to— submit to the Inspector General of the Department, the Committee on Homeland Security of the House of Representatives, and the Committee on Homeland Security and Governmental Affairs of the Senate a report relating to the expenditures by such component or office for each conference hosted or attended by Department employees for which the total expenditures exceeded $50,000, based on fiscal year 2021 constant dollars, not later than 15 days after the day on which the conference ends; and with respect to such expenditures, provide— 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; and submit to the Committee on Homeland Security of the House of Representatives and the Committee on Homeland Security and Governmental Affairs of the Senate any report delivered to any other committee of the House of Representatives or Senate relating to the financial functions of the Department. .
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