1. Short title This Act may be cited as the Purchased Data Inventory Act . 2. Definitions Section 3502 of title 44, United States Code, is amended— (1) in paragraph (22), by striking ; and ; (2) in paragraph (23), by striking the period and inserting a semicolon; and (3) by adding at the end the following: (24) the term covered data purchase — (A) means data or information, including data or information accessed through a database, that is— (i) obtained by an agency in exchange for anything of value; and (ii) reasonably can be used, alone or in combination with other data or information, to identify an individual; (B) does not include bulk data obtained by an agency to be used for statistical purposes; and (C) does not include data obtained in exchange for anything of value from another agency; and (25) the term obtain in exchange for anything of value means to purchase, receive in connection with services provided for consideration, or otherwise obtain in exchange for considerations, including an access fee, service fee, maintenance fee, or licensing fee. . 3. Chief Data Officers Section 3520 of title 44, United States Code, is amended— (1) in subsection (c)— (A) in paragraph (13), by striking and ; (B) in paragraph (14), by striking the period and inserting ; and ; and (C) by adding at the end the following: (15) compile the covered data purchases of the agency. ; (2) by striking subsection (e) and inserting the following: (e) Reports The Chief Data Officer of an agency shall submit to the Committee on Homeland Security and Governmental Affairs of the Senate and the Committee on Oversight and Accountability of the House of Representatives — (1) an annual report on the compliance of the agency with the requirements of this subchapter, including information on each requirement that the agency could not carry out and, if applicable, what the agency needs to carry out such requirement