; and (2) to amend the applicable Uniform System of Accounts in title 18, Code of Federal Regulations (or successor regulations), to instruct covered utilities to place covered expenses in accounts that are presumptively not recoverable from ratepayers, in accordance with this section. (b) Report (1) In general The Commission shall require that, not later than 18 months after the date of enactment of this Act, and annually thereafter, each covered utility shall submit to the Commission a report containing— (A) an itemized list of expenses of the preceding year recorded in accounts relating to— (i) covered expenses; (ii) outside services or vendors; and (iii) the operations of the covered utility with respect to administrative and general expenses