Reporting and transparency

(a) Annual report (1) In general The Board shall submit to the President, the Comptroller General of the United States, the Director of the Office of Management and Budget, and the appropriate congressional committees, an annual report describing the operations of the Reserve during the preceding calendar year. (2) Contents Each report required under paragraph (1) shall include— (A) information regarding the administration of the functions of the Board, including recommendations the Board determines appropriate; (B) the assessment of the Board of the extent to which compliance with the requirements of this Act and the purposes of the Reserve have been achieved; (C) a summary of transactions and loans made by the Reserve during the preceding calendar year, to include how well those transactions and loans have helped achieve the purposes of the Reserve; and (D) information regarding vulnerabilities, risks, and audits. (b) Testimony The Chairperson shall appear before the Committee on Energy and Natural Resources of the Senate and the Committee on Natural Resources of the House of Representatives not later than 30 calendar days after the date that a report required under subsection (a) is submitted. (c) Database (1) In general The Reserve shall maintain a database with detailed information on all transactions undertaken pursuant to section 206. (2) Requirements The database maintained under paragraph (1) shall— (A) be user-friendly; (B) subject to paragraph (3), be publicly available; and (C) to the extent practicable, include a description of the support provided for each project, including the information contained in the report required under subsection (a). (3) Limit on public availability (A) In general An identified subset of the database maintained under paragraph (1) shall not be made publicly available if the Board determines doing so would be harmful to the national security of the United States. (B) Accessibility If the Board makes a determination under subparagraph (A) that public availability of the identified subset of the database maintained under paragraph (1) would be harmful to the national security of the United States, the Reserve shall— (i) make the identified subset of the database accessible to the appropriate congressional committees; and (ii) not later than 3 years after a transaction undertaken pursuant to section 206 occurs, make the information about that transaction publicly available.