Statement by the President: Signing of the "Reports Consolidation Act of 2000" (11/22/00)
                              THE WHITE HOUSE

                       Office of the Press Secretary

For Immediate Release                           November 22, 2000

                        STATEMENT BY THE PRESIDENT

     Today I am pleased to sign into law S. 2712, the "Reports
Consolidation Act of 2000."  This Act, which passed with bipar-tisan
support, provides permanent authority for Federal agencies to consolidate
certain financial and performance reports into a single, comprehensive
annual report.

     This Act builds on the success of a pilot program started in 1994 and
represents an important step in the maturity of financial management
reporting by the Federal Government.  An agency can now combine its audited
financial statements, as required by the Chief Financial Officers Act, and
its performance reports, required by the Government Performance and Results

     These new consolidated reports will give the American people a more
comprehensive and useful picture of the many important services we provide
to the Nation.

                                   WILLIAM J. CLINTON

    November 22, 2000.

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