This bill, known as the "BEACON Act," amends the Inspector General Act of 1978 to establish an Office of Inspector General (OIG) within the Executive Office of the President (EOP) . This new OIG aims to provide independent oversight of the EOP's programs and operations, with the President required to appoint an Inspector General within 120 days of enactment. The legislation includes special provisions for the EOP Inspector General's authority, particularly concerning sensitive information such as confidential sources, intelligence matters, or undercover operations. For these areas, the Inspector General operates under the President's authority, direction, and control, allowing the President to prohibit certain actions if necessary to prevent disclosure of sensitive information, provided written notification with reasons is given within 30 days. Upon receiving such a prohibition notice, the Inspector General must transmit a copy to relevant Congressional committees within 30 days, ensuring legislative awareness. The EOP Inspector General's semiannual reports will detail completed corrective actions, certify full information access, and describe any instances where Presidential prohibition limited access, with these reports submitted to both the President and Congress. To ensure accountability, the Council of Inspectors General on Integrity and Efficiency must conduct annual audits of the EOP Inspector General's office, reporting findings to Congress. Additionally, the EOP Inspector General is tasked with conducting two evaluations of the EOP's classification policies to identify and address practices contributing to misclassification, with reports and recommendations provided to Congress and the President.