Oversight and accountability

(a) Report to Congress The Board of Governors shall issue an annual report to Congress detailing the financial and strategic performance of the Fund, including— (1) the performance of the Fund’s investment portfolio; (2) strategic impact outcomes; and (3) governance and ethics disclosures. (b) Inspector General audit The Inspector General of the Fund shall carry out an annual audit of the Fund and provide a report on such audit to the Board of Governors and the Congress. (c) GAO audit The Comptroller General of the United States shall carry out an annual audit of the Fund and provide a report on such audit to the Board of Governors and the Congress. (d) Public transparency portal The Board of Governors shall maintain a public transparency portal listing all investments of the Fund and the outcomes of those investments, but may exclude any investments due to national security concerns. (e) Ethics The Board of Governors shall adopt a code of ethics and conflict-of-interest disclosure policies for the directors and employees of the Fund, which shall include prohibiting revolving-door influence, including— (1) prohibiting governors and employees of the Fund (and their spouses and dependents) from holding any ownership of a company being invested in by the Fund; (2) prohibiting governors and employees of the Fund from receiving deferred compensation tied to past industry roles; (3) requiring governors of the Fund to recuse themselves from any matter involving former employers or other entities where impartiality could reasonably be questioned; and (4) during the 5-year period beginning on the date an individual ceases to be a governor of the Fund, prohibiting the individual from— (A) accepting employment, board roles, or compensation from any company that was invested in by the Fund and with which the individual interacted while a governor of the Fund; (B) providing consulting, advisory, or strategic services to any such company; and (C) engaging in lobbying or influence activity related to the Fund or its portfolio. (f) Whistleblower protections The Board of Governors shall develop and adopt a whistleblower protection mechanism.