; and (ii) submit a report containing the results of the inspection or review conducted under clause (i) to the Committee on Homeland Security and Governmental Affairs of the Senate and the Committee on Oversight and Government Reform of the House of Representatives. . (b) Self-Reporting requirement Subsection (f) of section 2313 of such title is amended to read as follows: (f) Self-Reporting requirement (1) Contracts in excess of simplified acquisition threshold No funds appropriated or otherwise made available by any Act may be used for any Federal contract for the procurement of property or services in excess of the simplified acquisition threshold unless the contractor has first made the certifications set forth in section 52.209–5 of the Federal Acquisition Regulation. (2) Contracts in excess of $ 500,000 No funds appropriated or otherwise made available by any Act may be used for any Federal contract for the procurement of property or services in excess of $500,000 unless the contractor— (A) certifies that the contractor has submitted to the Administrator of General Services the information required under subsection (c) and that such information is current as of the date of such certification; or (B) certifies that the contractor has cumulative active Federal contracts and grants with a total value of less than $10,000,000. . (c) Annual report The Comptroller General of the United States shall annually submit a report to the appropriate congressional committees describing the extent to which suspended or debarred contractors on the Excluded Parties List System— (1) are identified as having received Federal contracts on USAspending.gov