106 STAT. 3926 PUBLIC LAW 102-550—OCT. 28, 1992

(9) evaluate the long-term cost-effectiveness of interim con-
trol and abatement strategies; and

(10) assess the effectiveness of hazard evaluation and
reduction activities funded by this Act.

42 USC 4854b. SEC. 1053. AUTHORIZATION.

Of the total amount approved in appropriation Acts under
section 1011(o), there shall be set aside to carry out this part
$5,000,000 for fiscal year 1993, and $5,000,000 for fiscal year 1994.

PART 2—GAO REPORT

42 USC 4855. SEC. 1056. FEDERAL IMPLEMENTATION AND INSURANCE STUDY.

(a) FEDERAL IMPLEMENTATION STUDY.—The Comptroller Gen-
eral of the United States shall assess the effectiveness of Federal
enforcement and compliance with lead safety laws and regulations,
including any changes needed in annual inspection procedures to
identify lead-based paint hazards in units receiving assistance
under subsections (b) and (o) of section 8 of the United States
Housing Act of 1937.

(b) INSURANCE STUDY.—The Comptroller General of the United
States shall assess the availability of liability insurance for owners
of residential housing that contains lead-based paint and persons
engaged in lead-based paint hazard evaluation and reduction activi-
ties. In carrying out the assessment, the Comptroller General
shall—

(1) analyze any precedents in the insurance industry for
the containment and abatement of environmental hazards, such
as asbestos, in federally assisted housing;

(2) provide an assessment of the recent insurance experi-
ence in the public housing lead hazard identification and reduc-
tion program; and

(3) recommend measures for increasing the availability of
liability insurance to owners and contractors engaged in feder-
ally supported work.

Subtitle E—Reports

42 USC 4856. SEC. 1061. REPORTS OF THE SECRETARY OF HOUSING AND URBAN

DEVELOPMENT.

(a) ANNUAL REPORT.—The Secretary shall transmit to the Con-
gress an annual report that—

(1) sets forth the Secretary's assessment of the progress
made in implementing the various programs authorized by
this title;

(2) summarizes the most current health and environmental
studies on childhood lead poisoning, including studies that ana-
lyze the relationship between interim control and abatement
activities and the incidence of lead poisoning in resident chil-
dren;

(3) recommends legislative and administrative initiatives
that may improve the performance by the Department of Hous-
ing and urban Development in combating lead hazards through
the expansion of lead hazard evaluation and reduction activi-
ties;