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
Act.
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
THE WHITE HOUSE,
November 22, 2000.
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