skip to main content

S. 1707: Audit the Pentagon Act of 2021


The text of the bill below is as of May 19, 2021 (Introduced).


II

117th CONGRESS

1st Session

S. 1707

IN THE SENATE OF THE UNITED STATES

May 19, 2021

(for himself, Mr. Grassley, Mr. Wyden, and Mr. Lee) introduced the following bill; which was read twice and referred to the Committee on Armed Services

A BILL

To ensure that the Department of Defense achieves a clean audit opinion on its financial statements.

1.

Short title

This Act may be cited as the Audit the Pentagon Act of 2021.

2.

Department of Defense spending reductions in the absence of an unqualified audit opinion

If during any fiscal year after fiscal year 2022, the Secretary of Defense determines that a department, agency, or other element of the Department of Defense has not achieved an unqualified opinion on its full financial statements for the calendar year ending during such fiscal year—

(1)

the amount available to such department, agency, or element for the fiscal year in which such determination is made shall be equal to the amount otherwise authorized to be appropriated minus 1.0 percent;

(2)

the amount unavailable to such department, agency, or element for that fiscal year pursuant to paragraph (1) shall be applied on a pro rata basis against each program, project, and activity of such department, agency, or element in that fiscal year; and

(3)

the Secretary shall deposit in the general fund of the Treasury for purposes of deficit reduction all amounts unavailable to departments, agencies, and elements of the Department in the fiscal year pursuant to determinations made under paragraph (1).