COORDINATED OVERSIGHT REPORTS.

SEC. 4002. COORDINATED OVERSIGHT REPORTS. (a) In General.— Paragraph (3) of section 8022 (relating to the duties of the Joint Committee on Taxation) is amended to read as follows: “(3) Reports.— “(A) To report, from time to time, to the Committee on Finance and the Committee on Ways and Means, and, in its discretion, to the Senate or House of Representatives, or both, the results of its investigations, together with such recommendations as it may deem advisable. “(B) Subject to amounts specifically appropriated to carry out this subparagraph, to report, at least once each Congress, to the Committee on Finance and the Committee on Ways and Means on the overall state of the Federal tax system, together with recommendations with respect to possible simplification proposals and other matters relating to the administration of the Federal tax system as it may deem advisable. “(C) To report, for each calendar year after 1998 and before 2004, to the Committees on Finance, Appropriations, and Governmental Affairs of the Senate, and to the Committees on Ways and Means, Appropriations, and Government Reform and Oversight of the House of Representatives, with respect to— “(i) strategic and business plans for the Internal Revenue Service; “(ii) progress of the Internal Revenue Service in meeting its objectives; “(iii) the budget for the Internal Revenue Service and whether it supports its objectives; “(iv) progress of the Internal Revenue Service in improving taxpayer service and compliance; “(v) progress of the Internal Revenue Service on technology modernization; and “(vi) the annual filing season.”. (b) Effective Date.— The amendment made by this section shall take effect on the date of the enactment of this Act.