; and (B) explore opportunities to implement modern technologies within Federal award reporting; and (2) allow the Director to permit exceptions on a case-by-case basis. 6404. Agency requirements Not later than 3 years after the date of the enactment of this chapter, the head of each agency shall ensure that all of the agency’s grants and cooperative agreements use data standards for all future information collection requests and amend existing information collection requests covered by chapter 35 of title 44 (commonly referred to as the Paperwork Reduction Act) to comply with the data standards established under section 6402, consistent with the guidance issued by the Secretary and the Director under section 6403. . (b) Technical and conforming amendment The table of chapters for subtitle V of title 31, United States Code, is amended by inserting after the item relating to chapter 63 the following new item: 64. Data standards for grant reporting 6401 . 4. Single Audit Act (a) Amendments (1) Section 7502(h) of title 31, United States Code, is amended by inserting before to a Federal clearinghouse the following in an electronic form consistent with the data standards established under chapter 64, . (2) Section 7505 of title 31, United States Code, is amended by adding at the end the following new subsection: (d) Such guidance shall require audit-related information reported under this chapter to be reported in an electronic form consistent with the data standards established under chapter 64. . (b) Guidance Not later than 2 years after the date of the enactment of this Act, the Director shall issue guidance requiring audit-related information reported under chapter 75 of title 31, United States Code, to be reported in an electronic form consistent with the data standards established under chapter 64 of title 31, United States Code, as added by section 3. 5. Consolidation of Assistance-Related Information