BIENNIAL REPORTS ON PROGRAMS TO ENCOURAGE GOOD GOVERNANCE.

SEC. 672. BIENNIAL REPORTS ON PROGRAMS TO ENCOURAGE GOOD GOVERNANCE. (a) Conversion of annual reports to biennial reports.—Section 133(d) of the Foreign Assistance Act of 1961 (22 U.S.C. 2152c(d)) is amended— 116 STAT. 1408 (1) in the subsection heading, by striking “Annual Report” and inserting “Biennial Reports”; and (2) in paragraph (1)— (A) in the text above subparagraph (A), by striking “an annual report” and inserting “a biennial report”; (B) in subparagraph (A), by striking “prior year” and inserting “preceding two-year period”; and (C) in subparagraph (B), by striking “prior year” and inserting “preceding two-year period”. (b) Transition.—The first biennial report under section 133(d) of the Foreign Assistance Act of 1961 (22 U.S.C. 2152c(d)), as amended by subsection (a), is required to be submitted not later than two years after the date of submission of the last annual report required under such section 133 (as in effect before the date of enactment of this Act).