The Board's third semi-annual report describes the agency's completion and issuance of its first oversight report on the bulk telephone records program conducted under Section 215 of the USA Patriot Act and on the operations of the FISA court. During this period, the Board also continued its study of the surveillance program conducted under Section 702 of the Foreign Intelligence Surveillance Act. In addition, the Board continued to carry out administrative tasks to fully establish itself as a functioning independent agency.