,,ii ,cal5d> ,no4 #eff #aac? ,,congress 
#b;d ,session  ,s4 #ahih  ,,9 ,,!       
,,s5ate ,,( ,,! ,,unit$ ,,/ates  ,janu>y
 #h1 #bjad,ms4 ,w>r5 7= h]self1 ,mr4    
,coburn1 ,mr4 ,lev91 & ,mr4 ,begi*7     
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,homel& ,security & ,gov]nm5tal ,affairs
  ,septemb] #af1 #bjad,report$ by ,mr4  
,c>p]1 ) an amendment,strike out all    
aft] ! enact+ clause & ins]t ! "p pr9t$ 
9 italic  ,a ,,bill  ,to require        
adequate in=mation reg>d+ ! tax treatm5t
 ( paym5ts "u settlem5t agreem5ts ent]$ 
into by ,f$]al ag5cies1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,tru? 9 ,settlem5ts ,act ( 
#bjad4  #b4 ,in=mation reg>d+ settlem5t 
agreem5ts ent]$ into by ,f$]al ag5cies  
7a7 ,requirem5ts = settlem5t agreem5ts  
7#a7 ,9 g5]al ,*apt] #c ( title #e1     
,unit$ ,/ates ,code1 is am5d$ by add+ at
 ! end ! foll[+3  #cjg4 ,in=mation      
reg>d+ settlem5t agreem5ts  7a7         
,def9itions ,9 ?is section-- 7#a7 ! t]m 

cov]$ settlem5t agreem5t means a        
settlem5t agreem5t 7includ+ a cons5t    
decree7 t-- 7,a7 is ent]$ into by an    
,executive ag5cy2  7,b7 relates to an   
alleg$ violation ( ,f$]al civil or      
crim9al law2 &  7,c7 requires ! paym5t (
 a total ( n less ?an #a1jjj1jjj by "o  
or m non-,f$]al p]sons2  7#b7 ! t]m     
entity )9 ! ,f$]al ,gov]nm5t includes an
 (fic] or employee ( ! ,f$]al ,gov]nm5t 
act+ 9 an (ficial capacity2 &  7#c7 !   
t]m non-,f$]al p]son means a p]son t is 
n an entity )9 ! ,f$]al ,gov]nm5t4  7b7 
,in=mation ,to be po/$ onl9e  7#a7      
,requirem5t  7,a7 ,9 g5]al ,subject to  
subp>agraph 7,b71 ! head ( ea*          
,executive ag5cy %all make publicly     
available 9 a se>*able =mat 9 a prom95t 
location on ! ,web site ( ! ,executive  
ag5cy-- 7i7 a li/ ( ea* cov]$ settlem5t 
agreem5t ent]$ into by ! ,executive     
ag5cy1 :i* %all include1 = ea* cov]$    
settlem5t agreem5t-- 7,i7 ! date on :i* 
! p>ties ent]$ into ! cov]$ settlem5t   
agreem5t2  7,,ii7 ! names ( ! p>ties t  

settl$ claims "u ! cov]$ settlem5t      
agreem5t2  7,,iii7 a description ( !    
claims ea* p>ty settl$ "u ! cov]$       
settlem5t agreem5t2  7,,iv7 ! am\nt ea* 
p>ty settl+ a claim "u ! cov]$ settlem5t
 agreem5t is obligat$ to pay "u !       
settlem5t agreem5t2  7,v7 ! total am\nt 
! settl+ p>ties are obligat$ to pay "u !
 settlem5t agreem5t2 &  7,,vi7 = ea*    
settl+ p>ty1 ! am\nt ! settl+ p>ty is   
obligat$ to pay t has be5 designat$ z a 
civil p5alty or f9e1 or o!rwise specifi$
 z n tax d$uctible "u ! cov]$ settlem5t 
agreem5t2 &  7ii7 a copy ( ea* cov]$    
settlem5t agreem5t ent]$ into by !      
,executive ag5cy4  7,b7 ,confid5tiality 
provisions ,! requirem5t to disclose    
in=mation or a copy ( a cov]$ settlem5t 
agreem5t "u subp>agraph 7,a7 %all apply 
to ! ext5t t ! in=mation or copy 7or    
portion !re(7 is n subject to a         
confid5tiality provision t prohibits    
disclosure ( ! in=mation or copy 7or    
portion !re(74  7#b7 ,p]iod ,! head (   
ea* ,executive ag5cy %all ensure t--    

7,a7 in=mation reg>d+ a cov]$ settlem5t 
agreem5t is publicly available on ! li/ 
describ$ 9 p>agraph 7#a77;,a77i7 until  
at lea/ ! date t is #e ye>s aft] ! date 
( ! cov]$ settlem5t agreem5t2 &  7,b7 a 
copy ( a cov]$ settlem5t agreem5t made  
available "u p>agraph 7#a77;,a77ii7 is  
publicly available until-- 7i7 at lea/ !
 date t is #a ye> aft] ! date ( ! cov]$ 
settlem5t agreem5t2 or  7ii7 = a cov]$  
settlem5t agreem5t "u :i* a non-,f$]al  
p]son is requir$ to pay n less ?an      
#ej1jjj1jjj1 at lea/ ! date t is #e ye>s
 aft] ! date ( ! cov]$ settlem5t        
agreem5t4  7c7 ,public /atem5t ,if !    
head ( an ,executive ag5cy det]m9es t a 
confid5tiality provision 9 a cov]$      
settlem5t agreem5t1 or ! seal+ ( a cov]$
 settlem5t agreem5t1 is requir$ to      
protect ! public int]e/ ( ! ,unit$      
,/ates1 ! head ( ! ,executive ag5cy %all
 issue a public /atem5t /at+ :y su*     
action is requir$ to protect ! public   
int]e/ ( ! ,unit$ ,/ates1 :i* %all      
expla9-- 7#a7 :at int]e/s confid5tiality

 protects2 &  7#b7 :y ! int]e/s protect$
 by confid5tiality outweigh ! public's  
int]e/ 9 kn[+ ab\t ! conduct ( ! ,f$]al 
,gov]nm5t & ! exp5diture ( ,f$]al       
res\rces4  7d7 ,requirem5ts = writt5    
public /atem5ts ,any writt5 public      
/atem5t issu$ by an ,executive ag5cy t  
ref]s to an am\nt to be paid by a       
non-,f$]al p]son "u a cov]$ settlem5t   
agreem5t %all-- 7#a7 specify :i*        
portion1 if any1 ( ! am\nt to be paid "u
 ! cov]$ settlem5t agreem5t by a        
non-,f$]al p]son-- 7,a7 is a civil or   
crim9al p5alty or f9e to be paid = a    
violation ( ,f$]al law2 or  7,b7 is     
expressly specifi$ "u ! cov]$ settlem5t 
agreem5t z n d$uctible = purposes ( !   
,int]nal ,rev5ue ,code ( #aihf2 &  7#b7 
describe 9 detail any actions !         
non-,f$]al p]son %all take "u ! cov]$   
settlem5t agreem5t-- 7,a7 9 lieu (      
paym5t to ! ,f$]al ,gov]nm5t or a ,/ate 
or local gov]nm5t2 or  7,b7 9 addition  
to su* a paym5t4  7e7 ,report+  7#a7 ,9 
g5]al ,n lat] ?an ,janu>y #ae ( ea* ye>1

 ! head ( an ,executive ag5cy t ent]$   
into a cov]$ settlem5t agreem5t dur+ !  
previ\s fiscal ye> %all submit to ea*   
committee ( ,congress ) jurisdiction ov]
 ! activities ( ! ,executive ag5cy a    
report indicat+-- 7,a7 h[ _m cov]$      
settlem5t agreem5ts ! ,executive ag5cy  
ent]$ into dur+ t fiscal ye>2  7,b7 h[  
_m cov]$ settlem5t agreem5ts !          
,executive ag5cy ent]$ into dur+ t      
fiscal ye> _h any t]ms or conditions t  
are requir$ to be kept confid5tial2 &   
7,c7 h[ _m cov]$ settlem5t agreem5ts !  
,executive ag5cy ent]$ into dur+ t      
fiscal ye> = :i* all t]ms & conditions  
are requir$ to be kept confid5tial4     
7#b7 ,availability ( reports ,! head (  
an ,executive ag5cy t is requir$ to     
submit a report "u p>agraph 7#a7 %all   
make ! report publically available 9 a  
se>*able =mat 9 a prom95t location on ! 
,web site ( ! ,executive ag5cy4  4  7#b7
 ,te*nical & con=m+ am5dm5t ,! table (  
sections = *apt] #c ( title #e1 ,unit$  
,/ates ,code1 is am5d$ by add+ at ! end 

! foll[+3  #cjg4 ,in=mation reg>d+      
settlem5t agreem5ts4  4  7b7 ,securities
 report+  7#a7 ,9 g5]al ,ea* issu] (    
securities t is requir$ to file annual  
or o!r p]iodic reports ) ! ,commission  
"u section #ac or #ae7;d7 ( !           
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #ghm1 #gho7d77 %all describe 9
 su* a report any claim fil$ = a        
d$uction "u ! ,int]nal ,rev5ue ,code (  
#aihf dur+ ! report+ p]iod t relates to 
a paym5t requir$ "u a cov]$ settlem5t   
agreem5t4  7#b7 ,def9itions ,z us$ 9 ?is
 subsection-- 7,a7 ! t]m ,commission    
means ! ,securities & ,ex*ange          
,commission2  7,b7 ! t]m cov]$ settlem5t
 agreem5t has ! mean+ giv5 t t]m 9      
section #cjg ( title #e1 ,unit$ ,/ates  
,code1 z add$ by subsection 7a72 &  7,c7
 ! t]m issu] has ! same mean+ z 9       
section #c ( ! ,securities ,ex*ange ,act
 ( #aicd 7#ae ,u4,s4,c4 #gh;c74  7c7    
,review ( confid5tiality ( settlem5t    
agreem5ts ,n lat] ?an #f mon?s aft] !   
date ( enactm5t ( ?is ,act1 !           

,comptroll] ,g5]al ( ! ,unit$ ,/ates    
%all submit to ,congress a report reg>d+
 h[ ,executive ag5cies 7z def9$ "u      
section #aje ( title #e1 ,unit$ ,/ates  
,code7 det]m9e :e!r ! t]ms ( a settlem5t
 agreem5t or ! exi/5ce ( a settlem5t    
agreem5t w be treat$ z confid5tial1 :i* 
%all include recomm5dations1 if any1 =  
legislative or adm9i/rative action to   
increase ! transp>5cy ( ,gov]nm5t       
settlem5ts :ile cont9u+ to protect !    
legitimate int]e/s t confid5tiality     
provisions s]ve4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,tru? 9 ,settlem5ts
 ,act ( #bjad4  #b4 ,in=mation reg>d+   
settlem5t agreem5ts ent]$ into by ,f$]al
 ag5cies  7a7 ,requirem5ts = settlem5t  
agreem5ts  7#a7 ,9 g5]al ,*apt] #c (    
title #e1 ,unit$ ,/ates ,code1 is am5d$ 
by add+ at ! end ! foll[+3  #cjg4       
,in=mation reg>d+ settlem5t agreem5ts   
7a7 ,def9itions ,9 ?is section-- 7#a7 ! 
t]m cov]$ settlem5t agreem5t means a    
settlem5t agreem5t 7includ+ a cons5t    
decree7 t-- 7,a7 is ent]$ into by an    

,executive ag5cy2  7,b7 relates to an   
alleg$ violation ( ,f$]al civil or      
crim9al law2 &  7,c7 requires ! paym5t (
 a total ( n less ?an #a1jjj1jjj by "o  
or m non-,f$]al p]sons2  7#b7 ! t]m     
entity )9 ! ,f$]al ,gov]nm5t includes an
 (fic] or employee ( ! ,f$]al ,gov]nm5t 
act+ 9 an (ficial capacity2 &  7#c7 !   
t]m non-,f$]al p]son means a p]son t is 
n an entity )9 ! ,f$]al ,gov]nm5t4  7b7 
,in=mation ,to be po/$ onl9e  7#a7      
,requirem5t  7,a7 ,9 g5]al ,subject to  
subp>agraph 7,b71 ! head ( ea*          
,executive ag5cy %all make publicly     
available 9 a se>*able =mat 9 a prom95t 
location on ! ,web site ( ! ,executive  
ag5cy-- 7i7 a li/ ( ea* cov]$ settlem5t 
agreem5t ent]$ into by ! ,executive     
ag5cy1 :i* %all include1 = ea* cov]$    
settlem5t agreem5t-- 7,i7 ! date on :i* 
! p>ties ent]$ into ! cov]$ settlem5t   
agreem5t2  7,,ii7 ! names ( ! p>ties t  
settl$ claims "u ! cov]$ settlem5t      
agreem5t2  7,,iii7 a description ( !    
claims ea* p>ty settl$ "u ! cov]$       

settlem5t agreem5t2  7,,iv7 ! am\nt ea* 
p>ty settl+ a claim "u ! cov]$ settlem5t
 agreem5t is obligat$ to pay "u !       
settlem5t agreem5t2  7,v7 ! total am\nt 
! settl+ p>ties are obligat$ to pay "u !
 settlem5t agreem5t2 &  7,,vi7 = ea*    
settl+ p>ty-- 7aa7 ! am\nt1 if any1 !   
settl+ p>ty is obligat$ to pay t is     
expressly specifi$ "u ! cov]$ settlem5t 
agreem5t z a civil or crim9al p5alty or 
f9e2 &  7bb7 ! am\nt1 if any1 t is      
expressly specifi$ "u ! cov]$ settlem5t 
agreem5t z n tax d$uctible2 &  7ii7 a   
copy ( ea* cov]$ settlem5t agreem5t     
ent]$ into by ! ,executive ag5cy4  7,b7 
,confid5tiality provisions ,! requirem5t
 to disclose in=mation or a copy ( a    
cov]$ settlem5t agreem5t "u subp>agraph 
7,a7 %all apply to ! ext5t t ! in=mation
 or copy 7or portion !re(7 is n subject 
to a confid5tiality provision t         
prohibits disclosure ( ! in=mation or   
copy 7or portion !re(74  7#b7 ,p]iod ,! 
head ( ea* ,executive ag5cy %all ensure 
t-- 7,a7 in=mation reg>d+ a cov]$       

settlem5t agreem5t is publicly available
 on ! li/ describ$ 9 p>agraph           
7#a77;,a77i7 until at lea/ ! date t is  
#e ye>s aft] ! date ( ! cov]$ settlem5t 
agreem5t2 &  7,b7 a copy ( a cov]$      
settlem5t agreem5t made available "u    
p>agraph 7#a77;,a77ii7 is publicly      
available until-- 7i7 at lea/ ! date t  
is #a ye> aft] ! date ( ! cov]$         
settlem5t agreem5t2 or  7ii7 = a cov]$  
settlem5t agreem5t "u :i* a non-,f$]al  
p]son is requir$ to pay n less ?an      
#ej1jjj1jjj1 at lea/ ! date t is #e ye>s
 aft] ! date ( ! cov]$ settlem5t        
agreem5t4  7c7 ,public /atem5t ,if !    
head ( an ,executive ag5cy det]m9es t a 
confid5tiality provision 9 a cov]$      
settlem5t agreem5t1 or ! seal+ ( a cov]$
 settlem5t agreem5t1 is requir$ to      
protect ! public int]e/ ( ! ,unit$      
,/ates1 ! head ( ! ,executive ag5cy %all
 issue a public /atem5t /at+ :y su*     
action is requir$ to protect ! public   
int]e/ ( ! ,unit$ ,/ates1 :i* %all      
expla9-- 7#a7 :at int]e/s confid5tiality

 protects2 &  7#b7 :y ! int]e/s protect$
 by confid5tiality outweigh ! public's  
int]e/ 9 kn[+ ab\t ! conduct ( ! ,f$]al 
,gov]nm5t & ! exp5diture ( ,f$]al       
res\rces4  7d7 ,requirem5ts = writt5    
public /atem5ts ,any writt5 public      
/atem5t issu$ by an ,executive ag5cy t  
ref]s to an am\nt to be paid by a       
non-,f$]al p]son "u a cov]$ settlem5t   
agreem5t %all-- 7#a7 specify :i*        
portion1 if any1 ( ! am\nt to be paid "u
 ! cov]$ settlem5t agreem5t by a        
non-,f$]al p]son-- 7,a7 is expressly    
specifi$ "u ! cov]$ settlem5t agreem5t z
 a civil or crim9al p5alty or f9e to be 
paid = a violation ( ,f$]al law2 or     
7,b7 is expressly specifi$ "u ! cov]$   
settlem5t agreem5t z n d$uctible =      
purposes ( ! ,int]nal ,rev5ue ,code (   
#aihf2  7#b7 if no portion ( ! am\nt to 
be paid "u ! cov]$ settlem5t agreem5t by
 a non-,f$]al p]son is expressly        
specifi$ "u ! cov]$ settlem5t agreem5t z
 a civil or crim9al p5alty or f9e1      
include a /atem5t specify+ t is ! case2 

&  7#c7 describe 9 detail-- 7,a7 any    
actions ! non-,f$]al p]son %all take "u 
! cov]$ settlem5t agreem5t 9 lieu (     
paym5t to ! ,f$]al ,gov]nm5t or a ,/ate 
or local gov]nm5t2 &  7,b7 any paym5ts  
or comp5sation ! non-,f$]al p]son %all  
make to o!r non-,f$]al p]sons "u ! cov]$
 settlem5t agreem5t4  7e7               
,confid5tiality ,! requirem5t to        
disclose in=mation "u subsection 7d7    
%all apply to ! ext5t t ! in=mation to  
be disclos$ 7or portion !re(7 is n      
subject to a confid5tiality provision t 
prohibits disclosure ( ! in=mation 7or  
portion !re(74  7f7 ,report+  7#a7 ,9   
g5]al ,n lat] ?an ,janu>y #ae ( ea* ye>1
 ! head ( an ,executive ag5cy t ent]$   
into a cov]$ settlem5t agreem5t dur+ !  
previ\s fiscal ye> %all submit to ea*   
committee ( ,congress ) jurisdiction ov]
 ! activities ( ! ,executive ag5cy a    
report indicat+-- 7,a7 h[ _m cov]$      
settlem5t agreem5ts ! ,executive ag5cy  
ent]$ into dur+ t fiscal ye>2  7,b7 h[  
_m cov]$ settlem5t agreem5ts !          

,executive ag5cy ent]$ into dur+ t      
fiscal ye> _h any t]ms or conditions t  
are requir$ to be kept confid5tial2 &   
7,c7 h[ _m cov]$ settlem5t agreem5ts !  
,executive ag5cy ent]$ into dur+ t      
fiscal ye> = :i* all t]ms & conditions  
are requir$ to be kept confid5tial4     
7#b7 ,availability ( reports ,! head (  
an ,executive ag5cy t is requir$ to     
submit a report "u p>agraph 7#a7 %all   
make ! report publically available 9 a  
se>*able =mat 9 a prom95t location on ! 
,web site ( ! ,executive ag5cy4  4  7#b7
 ,te*nical & con=m+ am5dm5t ,! table (  
sections = *apt] #c ( title #e1 ,unit$  
,/ates ,code1 is am5d$ by add+ at ! end 
! foll[+3  #cjg4 ,in=mation reg>d+      
settlem5t agreem5ts4  4  7b7 ,securities
 report+  7#a7 ,9 g5]al ,ea* issu] (    
securities t is requir$ to file annual  
or o!r p]iodic reports ) ! ,commission  
"u section #ac or #ae7;d7 ( !           
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #ghm1 #gho7d77 %all describe 9
 su* a report any claim fil$ = a        

d$uction "u ! ,int]nal ,rev5ue ,code (  
#aihf dur+ ! report+ p]iod t relates to 
a paym5t requir$ "u a cov]$ settlem5t   
agreem5t4  7#b7 ,def9itions ,z us$ 9 ?is
 subsection-- 7,a7 ! t]m ,commission    
means ! ,securities & ,ex*ange          
,commission2  7,b7 ! t]m cov]$ settlem5t
 agreem5t has ! mean+ giv5 t t]m 9      
section #cjg ( title #e1 ,unit$ ,/ates  
,code1 z add$ by subsection 7a72 &  7,c7
 ! t]m issu] has ! same mean+ z 9       
section #c ( ! ,securities ,ex*ange ,act
 ( #aicd 7#ae ,u4,s4,c4 #gh;c74  7c7    
,review ( confid5tiality ( settlem5t    
agreem5ts ,n lat] ?an #f mon?s aft] !   
date ( enactm5t ( ?is ,act1 !           
,comptroll] ,g5]al ( ! ,unit$ ,/ates    
%all submit to ,congress a report reg>d+
 h[ ,executive ag5cies 7z def9$ "u      
section #aje ( title #e1 ,unit$ ,/ates  
,code7 det]m9e :e!r ! t]ms ( a settlem5t
 agreem5t or ! exi/5ce ( a settlem5t    
agreem5t w be treat$ z confid5tial1 :i* 
%all include recomm5dations1 if any1 =  
legislative or adm9i/rative action to   

increase ! transp>5cy ( ,gov]nm5t       
settlem5ts :ile cont9u+ to protect !    
legitimate int]e/s t confid5tiality     
provisions s]ve4  ,septemb] #af1        
#bjad,report$ ) an am5dm5t