15 U.S.C. § 9592 — Federal assistance

Page 2612 TITLE 15—COMMERCE AND TRADE § 9592 1 So in original. See References in Text note below. § 9592. Federal assistance (a) In general (1) Provision of Federal assistance To carry out sections lll101, lll102, and lll103(a),1 the Under Secretary may provide Federal assistance to public sector entities and private sector entities in the form of grants or cooperative agreements. (2) Notice Not later than 120 days after the date on which amounts are appropriated to carry out this section, the Under Secretary shall, in ac- cordance with subsection (b), broadly publish a statement regarding Federal assistance that will, or may, be provided under paragraph (1) during the fiscal year for which those amounts are appropriated, including— (A) the actual, or anticipated, amount of Federal assistance that will, or may, be made available; (B) the types of Federal assistance that will, or may, be made available; (C) the manner in which Federal assist- ance will be allocated among public sector entities and private sector entities, as appli- cable; and (D) the methodology used by the Under Secretary to make allocations under sub- paragraph (C). (3) Consultation The Under Secretary shall consult with pub- lic sector entities and private sector entities, as applicable, in deciding the amounts and types of Federal assistance to make available under paragraph (1). (b) Publicity In carrying out this section, the Under Sec- retary shall broadly publicize all opportunities for Federal assistance available under this sec- tion, including through the means required under section lll116. 1 (Pub. L. 117–58, div. K, title VII, § 100702, Nov. 15, 2021, 135 Stat. 1465.) Editorial Notes REFERENCES IN TEXT Sections lll101, lll102, and lll103(a), referred to in subsec. (a)(1), probably mean sections 100101, 100102, and 100103(a) of Pub. L. 117–58, which are classi- fied to sections 9511, 9512, and 9513(a) of this title. Section lll116, referred to in subsec. (b), probably means section 100116 of Pub. L. 117–58, which is classi- fied to section 9526 of this title. § 9593. Recordkeeping (a) In general Each recipient of assistance under this chap- ter shall keep such records as the Under Sec- retary shall prescribe, including records that fully disclose, with respect to the assistance re- ceived by the recipient under this chapter— (1) the amount and nature of that assistance; (2) the disposition by the recipient of the proceeds of that assistance; (3) the total cost of the undertaking for which the assistance is given or used; (4) the amount and nature of the portion of the cost of the undertaking described in para- graph (3) that is supplied by a source other than the Agency; (5) the return on investment, as defined by the Under Secretary; and (6) any other record that will facilitate an effective audit with respect to the assistance. (b) Access by government officials The Under Secretary, the Inspector General of the Department of Commerce, and the Comp- troller General of the United States, or any duly authorized representative of any such indi- vidual, shall have access, for the purpose of audit, investigation, and examination, to any book, document, paper, record, or other mate- rial of the Agency or an MBDA Business Center. (Pub. L. 117–58, div. K, title VII, § 100703, Nov. 15, 2021, 135 Stat. 1466.) Editorial Notes REFERENCES IN TEXT This chapter, referred to in subsec. (a), was in the original ‘‘this division’’, meaning div. K of Pub. L. 117–58, Nov. 15, 2021, 135 Stat. 1445, which is classified principally to this chapter. For complete classification of division K to the Code, see Short Title note set out under section 9501 of this title and Tables. § 9594. Review and report by Comptroller Gen- eral Not later than 4 years after November 5, 2021, the Comptroller General of the United States shall— (1) conduct a thorough review of the pro- grams carried out under this chapter; and (2) submit to Congress a detailed report of the findings of the Comptroller General of the United States under the review carried out under paragraph (1), which shall include— (A) an evaluation of the effectiveness of the programs in achieving the purposes of this chapter; (B) a description of any failure by any re- cipient of assistance under this chapter to comply with the requirements under this chapter; and (C) recommendations for any legislative or administrative action that should be taken to improve the achievement of the purposes of this chapter. (Pub. L. 117–58, div. K, title VII, § 100704, Nov. 15, 2021, 135 Stat. 1466.) Editorial Notes REFERENCES IN TEXT This chapter, referred to in pars. (1) and (2), was in the original ‘‘this division’’, meaning div. K of Pub. L. 117–58, Nov. 15, 2021, 135 Stat. 1445, which is classified principally to this chapter. For complete classification of division K to the Code, see Short Title note set out under section 9501 of this title and Tables. § 9595. Biannual reports; recommendations (a) Biannual report Not later than 1 year after November 15, 2021, and 90 days after the last day of each odd-num-