Sec. 407. Modification to special pay authority for science, technology, engineering, or mathematics positions
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Section 113B of the National Security Act of 1947 ( 50 U.S.C. 3049a ) is amended— in the section heading, by inserting after and positions requiring banking or financial services expertise ; mathematics positions in subsection (a)— in the heading, by inserting after or in banking or financial services ; mathematics in paragraph (1), in the matter preceding subparagraph (A), by inserting or in banking or financial services (including expertise relating to critical financial infrastructure operations, capital markets, banking compliance programs, or international investments) after or mathematics ; by redesignating paragraph
(2)as paragraph (3); and by inserting after paragraph
(1)the following new paragraph: For each element of the intelligence community, the number of individuals serving in a position in such element who receive a higher rate of pay established or increased under paragraph
(1)may not, at any time during a given fiscal year, exceed 50 individuals or 5 percent of the total number of full-time equivalent positions authorized for such element for the preceding fiscal year, whichever is greater. ; and in subsection (e), by striking the element and inserting an element . The table of contents at the beginning of such Act is amended by striking the item relating to section 113B and inserting the following new item: Sec. 113B. Special pay authority for science, technology, engineering, or mathematics positions and positions requiring banking or financial services expertise. . Not later than September 1 of each year until September 1, 2025, the head of each element of the intelligence community shall submit to the congressional intelligence committees a report on any rates of pay established for such element under section 113B of such Act ( 50 U.S.C. 3049a ), as amended by subsection (a), including— a description of any rates of pay so established; and an identification of the number of positions in such element that will be subject to such rates of pay during the subsequent fiscal year.
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Sec. 407
Modification to special pay authority for science, technology, engineering, or mathematics positions
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