# § 220314. Annual report and audit
**(a)** **Annual Report.—** The corporation shall submit an annual report to each House of Congress on the activities of the corporation during the prior fiscal year. The report shall be submitted as soon as practical after the end of each fiscal year.
**(b)** **Audit.—** In addition to complying with the audit requirements of section 10101 of this title, the corporation shall comply with section 5108 of title 40.
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**Source Credit**: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1465; Pub. L. 107–217, § 3(i)(2), Aug. 21, 2002, 116 Stat. 1300.)
| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| --- | --- | --- |
| 220314(a) | 36:1217. | Oct. 20, 1978, Pub. L. 95–493, §§ 13(b), 17, 92 Stat. 1646, 1647. |
| 220314(b) | 36:1213(b). | |
In subsection (b), the words “In addition to complying with the audit requirements of ” are added for clarity.
## Editorial Notes
### Amendments
2002—Subsec. (b). substituted “” for “section 451 of the Legislative Reorganization Act of 1970 ()”.
## Statutory Notes and Related Subsidiaries
### Termination of Reporting Requirements
For termination, effective , of reporting provisions in subsec. (a) of this section, see , set out as a note under , Money and Finance, and page 207 of House Document No. 103–7.