; and (ii) by not more than a total of 2 years; and (B) exempt from the requirements under section 1122(a) of title 31, United States Code, an agency that— (i) is not listed in section 901(b) of title 31, United States Code; and (ii) for the fiscal year during which the exemption is made, has budget authority (as defined in section 3 of the Congressional Budget Act of 1974 ( 2 U.S.C. 622 )) of not more than $10,000,000. (b) Implementation This Act, and the amendments made by this Act, shall be implemented not later than June 30, 2019. (c) Reporting (1) In general Not later than 5 years after the date of enactment of this Act, the Comptroller General of the United States shall submit to Congress a report regarding the implementation of this Act and the amendments made by this Act, which shall— (A) review how the Office of Management and Budget and agencies determined what activities constitute a program (as defined under section 1122 of title 31, United States Code, as amended by this Act) and what activities do not constitute a program; (B) evaluate the extent to which the program inventory required under section 1122 of title 31, United States Code, as amended by this Act, provides useful information for decisionmakers; (C) evaluate the extent to which the program inventory provides a coherent picture of the scope of Federal involvement in particular areas; and (D) include the recommendations of the Comptroller General, if any, for improving implementation of this Act and the amendments made by this Act. (2) Hearings After receipt of the report required under paragraph (1), the Committee on Homeland Security and Governmental Affairs of the Senate and the Committee on Oversight and Government Reform of the House of Representatives shall hold hearings to review the findings of the report.