Vice President, or a designee of the President and the Vice President, shall certify to the Archivist and the Attorney General whether outgoing President and Vice President have retained any classified records. This paragraph does not apply to a second consecutive term of a President. (c) Penalties for noncompliance Beginning on such first day and ending on the date the certification under subsection (b)(2) is so submitted, an outgoing President or Vice President, or a designee of the outgoing President or Vice President, who fails to submit the certification shall be subject to the following, as determined by the Archivist: (1) No Federal funds may be obligated or expended for office space, staff, or the travel of such outgoing President or Vice President, including any funds authorized under the Former Presidents Act of 1958 ( Public Law 85–745 ). (2) A reduction of up to 50 percent in the monthly payment of any pension payment dispersed to such outgoing President or Vice President under such Act or chapter 83 or 84 of title 5 (as the case may be). (d) Definitions In this section: (1) Federal agency The term Federal agency has the meaning given that term in section 2901. (2) Presidential transition The term Presidential transition means the period of time that begins on the day on which the Administrator of General Services declares an apparent winner of the Presidential election and ends on the day on which the winner of the Presidential election is inaugurated as President. (3) Records The term records — (A) includes all recorded information, regardless of form or characteristics, made or received by a Federal agency under Federal law or in connection with the transaction of public business and preserved or appropriate for preservation by that agency or its legitimate successor as evidence of the organization, functions, policies, decisions, procedures, operations, or other activities of the United States Government or because of the informational value of data in them