Section 1. Elimination of certain reporting duties.
The Legislative Budget and Finance Committee shall no longer:
(1) Undertake studies and prepare reports of the studies for the General Assembly under section 635.1(d) of the act of May 17, 1921 (P.L.682, No.284), known as The Insurance Company Law of 1921.
(2) Issue reports to the General Assembly under 4 Pa.C.S. § 1211(b) (relating to reports of board).
(3) Perform performance audits, make written reports of the audits and submit copies of the reports to the General Assembly under 75 Pa.C.S. § 9701(c) (relating to legislative oversight).