15 U.S.C. § 78d–7 — Triennial report on personnel management

(a) Triennial report required. Every three years, the Comptroller General must send the Senate Banking Committee and the House Financial Services Committee a report on how well the SEC manages its personnel. (b) Contents of report. Each report must include: (1) an evaluation of (A) how effective supervisors are at using employees' skills, talents, and motivation to reach SEC goals; (B) the criteria used to promote employees into supervisory jobs; (C) how fairly those criteria are applied; (D) how competent the SEC's professional staff is; (E) how well SEC units communicate with each other (including between divisions and their subunits), and what the SEC does to encourage that; (F) turnover within SEC subunits, including whether particular supervisors have unusually high staff turnover; (G) whether the SEC has too many low-, mid-, or senior-level managers; (H) any SEC efforts that build staff competence; (I) what the SEC does about employees who fail to do their jobs, and the circumstances under which it fires people; and (J) any other management factors the Comptroller General thinks matter; (2) an evaluation of improvements made in these areas since the last report; and (3) recommendations for how the SEC could use its staff more effectively. (c) Consultation. To prepare the report, the Comptroller General must consult current SEC employees, retired and other former employees, the SEC's Inspector General, people who do business with the SEC, any union representing SEC employees, private management consultants, academics, and any other source the Comptroller General thinks appropriate. (d) Report by Commission. Within 90 days after the Comptroller General submits a report, the SEC must send the same two committees a report describing what actions it has taken in response to the Comptroller General's recommendations. (e) Reimbursements for cost of reports. (1) Reimbursements required: the SEC must pay the Government Accountability Office back in full for the cost of these reports, as billed by the Comptroller General. (2) Crediting and use of reimbursements: this money is (A) credited to the Government Accountability Office's "Salaries and Expenses" appropriation account current when received, and (B) stays available until spent. (f) Authority to hire experts. The Comptroller General may hire outside consultants with specialized expertise relevant to this work.