NOTE TO MR. MICHAEL J. O'NEIL (SANITIZED)

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP81M00980R000700110022-9
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 2
• Document Creation Date: December 19, 2016
• Sequence Number: 22
• Content Type: NOTES

Approved For Release 2006/08/02 : CIA-RDP81 M00980R000700110022-9
OFFICE OF DIRECTOR OF CENTRAL INTELLIGENCE
LEGISLATIVE COUNSEL
WASHINGTON, D.C. 20505
Telephonel
TO: Mr. Michael J. O'Neil, Chief Counsel
Permanent Select Committee on Into 11 i ,E1 ice
House of Representatives
25 August. 1978
Attached is the -revised proposed. aicmdatory
language for H. R. 12171. As both of us wi31. be
away next week, let's be back in touch as soon as
possible after Labor Day to discuss furth& r action
in terms of your Committee's actions and our
equities.
I hope you'll. have a pleasant week off.
~~ 4
. o? _ a i_ ounsf
M
1533C
Approved For Release 2006/08/02 : CIA-RDP81 M00980R000700110022-9
 Approved For Release 2006/08/02 : CIA-RDP81 M00980R000700110022-9
PROPOSED AMENDMENTS TO H. R. 12171
TIE "FEDERAL ACCOUNTING AND AUDITING ACT OF 1978"
Add the following new paragraph (3) to section 2 of H.R. 1.2171. (which
would amend section 117 of the Accounting and Auditing Act of 1959) between
lines 2 and 3 of page 3 of the bill, and delete the quotation marks and
period from line 2:
"(3)(i) Nothing in this section shall be construed as
affecting the authorities contained in subsection 8(b) of the.
Central Intelligence Agency Act of 1.949, as amended, Pub. L. No.
81-110 (63 Stat. 208, 50 U.S.C. 40r5j).
(ii) The President may exempt from the provisions of
paragraph (1) of this subsection financial transactions which
relate to sensitive foreign intelligence or foreign counter-
intelligence activities; such an exemption may be given for
a class or category of financial t-'ansactions.
(iii) Nothing in this paragraph shall be construed as
impairing the authorities of the Pexmmanent Select Committee
on Intelligence of the House of Representatives and the
Select Committee on Intelligence of the Senate to review
intelligence activities."
Approved For Release 2006/08/02 : CIA-RDP81 M00980R000700110022-9