§3906. Reports

(a)(1) By the 60th day after the end of the fiscal year, the head of each agency shall submit to the Director of the Office of Management and Budget a report on the agency's payment practices during that fiscal year, including a description of the extent to which those practices satisfy the requirements of this chapter.

(2) In addition to such other information as may be required by the Director, the report required by paragraph (1) shall include-

(A) the number, dollar value, and percentage of invoices for which interest or other late payment penalties were paid, the amount of such late payment interest and other penalties, and the reasons the interest penalties were not avoided by prompt payment; and

(B) the number, dollar value, and percentage of invoices paid after the required payment date without payment of an interest penalty or other late payment penalty, and the reasons no obligation to pay such penalties was incurred with respect to such invoices or no amount for such penalties were included in the payments of such invoices.

(b) By the 120th day after the end of each fiscal year, the Director shall submit to the Committees on Governmental Affairs, Appropriations, and Small Business of the Senate and the Committees on Government Operations, Appropriations, and Small Business of the House of Representatives a report on agency compliance with this chapter. The report shall include a summary of the report of each agency submitted under subsection (a) of this section and an analysis of progress made in reducing interest penalty payments by that agency from prior years.

(Added Pub. L. 97–452, §1(18)(A), Jan. 12, 1983, 96 Stat. 2476 , §3905; renumbered §3906 and amended Pub. L. 100–496, §§9(a)(1), 10, Oct. 17, 1988, 102 Stat. 2460 , 2463.)

In subsection (a), the word "detailed" is omitted as surplus.

In subsection (b), the words "the requirements of" are omitted as surplus.

Prior Provisions

A prior section 3906 was renumbered section 3907 of this title.

Amendments

1988-Pub. L. 100–496, §9(a)(1), renumbered section 3905 of this title as this section.

Subsec. (a). Pub. L. 100–496, §10, amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: "By the 60th day after the end of each fiscal year, the head of each agency shall submit to the Director of the Office of Management and Budget a report on interest penalty payments made under this chapter during that fiscal year. The report shall include the number, amounts, and frequency of the payments and the reasons the payments were not avoided by prompt payment."

Change of Name

Committee on Government Operations of House of Representatives changed to Committee on Government Reform and Oversight of House of Representatives by House Resolution No. 6, One Hundred Fourth Congress, Jan. 4, 1995.

Effective Date of 1988 Amendment

Section 14(d) of Pub. L. 100–496 provided that: "The amendment made by section 10 of this Act [amending this section] shall apply to the report required by section 3906 of title 31, United States Code, for each fiscal year beginning after September 30, 1988."

Section Referred to in Other Sections

This section is referred to in section 3901 of this title.