50 U.S.C. § 1906 — Annual report

Page 320 TITLE 50—WAR AND NATIONAL DEFENSE § 1905 ‘‘National Security Education Trust Fund’’. The assets of the Fund consist of amounts appro- priated to the Fund and amounts credited to the Fund under subsection (e). (b) Availability of sums in Fund Sums in the Fund shall, to the extent provided in appropriations Acts, be available— (1) for awarding scholarships, fellowships, and grants in accordance with the provisions of this chapter; and (2) for properly allocable costs of the Federal Government for the administration of the pro- gram under this chapter. (c) Investment of Fund assets The Secretary of the Treasury shall invest in full the amount in the Fund that is not imme- diately necessary for expenditure. Such invest- ments may be made only in interest-bearing ob- ligations of the United States or in obligations guaranteed as to both principal and interest by the United States. For such purpose, such obli- gations may be acquired on original issue at the issue price or by purchase of outstanding obliga- tions at the market price. The purposes for which obligations of the United States may be issued under chapter 31 of title 31 are hereby ex- tended to authorize the issuance at par of spe- cial obligations exclusively to the Fund. Such special obligations shall bear interest at a rate equal to the average rate of interest, computed as to the end of the calendar month next pre- ceding the date of such issue, borne by all mar- ketable interest-bearing obligations of the United States then forming a part of the public debt, except that where such average rate is not a multiple of 1⁄8 of 1 percent, the rate of interest of such special obligations shall be the multiple of 1⁄8 of 1 percent next lower than such average rate. Such special obligations shall be issued only if the Secretary of the Treasury determines that the purchases of other interest-bearing ob- ligations of the United States, or of obligations guaranteed as to both principal and interest by the United States or original issue or at the market price, is not in the public interest. (d) Authority to sell obligations Any obligation acquired by the Fund (except special obligations issued exclusively to the Fund) may be sold by the Secretary of the Treasury at the market price, and such special obligations may be redeemed at par plus accrued interest. (e) Amounts credited to Fund (1) The interest on, and the proceeds from the sale or redemption of, any obligations held in the Fund shall be credited to and form a part of the Fund. (2) Any amount paid to the United States under section 1902(b)(3) of this title shall be credited to and form a part of the Fund. (3) Any gifts of money shall be credited to and form a part of the Fund. (Pub. L. 102–183, title VIII, § 804, Dec. 4, 1991, 105 Stat. 1274; Pub. L. 102–496, title IV, § 404(e), Oct. 24, 1992, 106 Stat. 3186; Pub. L. 103–160, div. A, title III, § 375, Nov. 30, 1993, 107 Stat. 1637.) Editorial Notes AMENDMENTS 1993—Subsec. (b). Pub. L. 103–160, § 375(b), struck out ‘‘(1)’’ before ‘‘Sums in the Fund’’, redesignated former subpars. (A) and (B) as pars. (1) and (2), respectively, and struck out former par. (2) which read as follows: ‘‘No amount may be appropriated to the Fund, or obli- gated from the Fund, unless authorized by law.’’ Subsec. (e)(3). Pub. L. 103–160, § 375(a), added par. (3). 1992—Subsec. (c). Pub. L. 102–496 substituted ‘‘expend- iture’’ for ‘‘obligation’’ in first sentence. § 1905. Regulations and administrative provi- sions (a) Regulations The Secretary may prescribe regulations to carry out the program required by this chapter. Before prescribing any such regulations, the Secretary shall submit a copy of the proposed regulations to the Select Committee on Intel- ligence of the Senate and the Permanent Select Committee on Intelligence of the House of Rep- resentatives. Such proposed regulations may not take effect until 30 days after the date on which they are submitted to those committees. (b) Acceptance and use of gifts In order to conduct the program required by this chapter, the Secretary may— (1) receive money and other property do- nated, bequeathed, or devised, without condi- tion or restriction other than that it be used for the purpose of conducting the program re- quired by this chapter; and (2) may use, sell, or otherwise dispose of such property for that purpose. (c) Voluntary services In order to conduct the program required by this chapter, the Secretary may accept and use the services of voluntary and noncompensated personnel. (d) Necessary expenditures Expenditures necessary to conduct the pro- gram required by this chapter shall be paid from the Fund, subject to section 1904(b) of this title. (Pub. L. 102–183, title VIII, § 805, Dec. 4, 1991, 105 Stat. 1275.) § 1906. Annual report (a) Annual report (1) The Secretary shall submit to the Presi- dent and to the congressional intelligence com- mittees an annual report of the conduct of the program required by this chapter. (2) The report submitted to the President shall be submitted each year at the time that the President’s budget for the next fiscal year is submitted to Congress pursuant to section 1105 of title 31. (3) The report submitted to the congressional intelligence committees shall be submitted on the date provided in section 3106 of this title. (b) Contents of report Each such report shall contain— (1) an analysis of the trends within language, international, area, and counterproliferation studies, along with a survey of such areas as the Secretary determines are receiving inad- equate attention; Page 321 TITLE 50—WAR AND NATIONAL DEFENSE § 1908 1 See References in Text note below. (2) the effect on those trends of activities under the program required by this chapter; (3) an analysis of the assistance provided under the program for the previous fiscal year, to include the subject areas being addressed and the nature of the assistance provided; (4) an analysis of the performance of the in- dividuals who received assistance under the program during the previous fiscal year, to in- clude the degree to which assistance was ter- minated under the program and the extent to which individual recipients failed to meet their obligations under the program; (5) an analysis of the results of the program for the previous fiscal year, and cumulatively, to include, at a minimum— (A) the percentage of individuals who have received assistance under the program who subsequently became employees of the United States Government; (B) in the case of individuals who did not subsequently become employees of the United States Government, an analysis of the reasons why they did not become em- ployees and an explanation as to what use, if any, was made of the assistance by those re- cipients; and (C) the uses made of grants to educational institutions; (6) the current list of agencies and offices of the Federal Government required to be devel- oped by section 1902(g) of this title; and (7) any legislative changes recommended by the Secretary to facilitate the administration of the program or otherwise to enhance its ob- jectives. (c) Submission of initial report The first report under this section shall be submitted at the time the budget for fiscal year 1994 is submitted to Congress. (d) Consultation During the preparation of each report required by subsection (a), the Secretary shall consult with the members of the Board specified in para- graphs (1) through (7) of section 1903(b) 1 of this title. Each such member shall submit to the Secretary an assessment of their hiring needs in the areas of language and area studies and a pro- jection of the deficiencies in such areas. The Secretary shall include all assessments in the report required by subsection (a). (Pub. L. 102–183, title VIII, § 806, Dec. 4, 1991, 105 Stat. 1276; Pub. L. 103–178, title III, § 311(b)(1), Dec. 3, 1993, 107 Stat. 2037; Pub. L. 104–201, div. A, title X, § 1078(f)(3), Sept. 23, 1996, 110 Stat. 2667; Pub. L. 105–272, title III, § 305(a)(4), Oct. 20, 1998, 112 Stat. 2401; Pub. L. 107–306, title VIII, § 811(b)(7)(A), Nov. 27, 2002, 116 Stat. 2425.) Editorial Notes REFERENCES IN TEXT Section 1903(b) of this title, referred to in subsec. (d), was amended and now specifies members of the Board in paragraphs (1) to (9). AMENDMENTS 2002—Subsec. (a). Pub. L. 107–306 designated first and second sentences as pars. (1) and (2), respectively, in par. (1), substituted ‘‘the congressional intelligence committees’’ for ‘‘the Congress’’, in par. (2), inserted ‘‘submitted to the President’’ after ‘‘The report’’, and added par. (3). 1998—Subsec. (b)(1). Pub. L. 105–272 substituted ‘‘area, and counterproliferation’’ for ‘‘and area’’. 1996—Subsec. (b)(5) to (7). Pub. L. 104–201 struck out ‘‘and’’ at end of par. (5), added par. (6), and redesignated former par. (6) as (7). 1993—Subsec. (d). Pub. L. 103–178 added subsec. (d). § 1907. Government Accountability Office audits The conduct of the program required by this chapter may be audited by the Government Ac- countability Office under such rules and regula- tions as may be prescribed by the Comptroller General of the United States. Representatives of the Government Accountability Office shall have access to all books, accounts, records, re- ports, and files and all other papers, things, or property of the Department of Defense per- taining to such activities and necessary to fa- cilitate the audit. (Pub. L. 102–183, title VIII, § 807, Dec. 4, 1991, 105 Stat. 1276; Pub. L. 108–271, § 8(b), July 7, 2004, 118 Stat. 814.) Editorial Notes AMENDMENTS 2004—Pub. L. 108–271 substituted ‘‘Government Ac- countability Office’’ for ‘‘General Accounting Office’’ in section catchline and in two places in text. § 1908. Definitions For the purpose of this chapter: (1) The term ‘‘Board’’ means the National Security Education Board established pursu- ant to section 1903 of this title. (2) The term ‘‘Fund’’ means the National Se- curity Education Trust Fund established pur- suant to section 1904 of this title. (3) The term ‘‘institution of higher edu- cation’’ has the meaning given that term by section 1001 of title 20. (4) The term ‘‘national security position’’ means a position— (A) having national security responsibil- ities in an agency or office of the Federal Government that has national security re- sponsibilities, as determined under section 1902(g) of this title; and (B) in which the individual in such posi- tion makes their foreign language skills available to such agency or office. (5) The term ‘‘congressional intelligence committees’’ means— (A) the Select Committee on Intelligence of the Senate; and (B) the Permanent Select Committee on Intelligence of the House of Representatives. (Pub. L. 102–183, title VIII, § 808, Dec. 4, 1991, 105 Stat. 1276; Pub. L. 104–201, div. A, title X, § 1078(f)(1), Sept. 23, 1996, 110 Stat. 2666; Pub. L. 105–244, title I, § 102(a)(15), Oct. 7, 1998, 112 Stat. 1622; Pub. L. 107–306, title VIII, § 811(b)(7)(B), Nov. 27, 2002, 116 Stat. 2426; Pub. L. 118–31, div. G, title IX, § 7901(c)(3), Dec. 22, 2023, 137 Stat. 1106.)