To require an annual report on the budgeting of the Department of Defense related to key military equipment.

1. Adds SEC. __. ANNUAL REPORTS ON BUDGETING RELATING TO KEY MILITARY EQUIPMENT at the end of subtitle D of title X

   Adds a section

   In S. 1042 · Public Print

   (2) the Committees on Armed Services and Appropriations of the House of Representatives.

   Inserted: SEC. __. ANNUAL REPORTS ON BUDGETING RELATING TO KEY MILITARY EQUIPMENT.

   Inserted: (a) In General.--Chapter 9 of title 10, United States Code, is amended by adding at the end the following new section:

   Inserted: "Sec. 234. Budgeting for key military equipment: annual reports

   Inserted: "(a) Annual Report Required.--The Secretary of Defense shall submit to Congress each year, at or about the time that the budget of the President is submitted to Congress that year under section 1105(a) of title 31, a report on the budgeting of the Department of Defense for key military equipment.

   Inserted: "(b) Report Elements.--The report required by subsection (a) for a year shall set forth the following:

   Inserted: "(1) A description of the current strategies of the Department of Defense for sustaining key military equipment, and for any modernization that will be required of such equipment.

   Inserted: "(2) A description of the amounts required for the Department for the fiscal year beginning in such year in order to fully fund the strategies described in paragraph (1).

   Inserted: "(3) A description of the amounts requested for the Department for such fiscal year in order to fully fund such strategies.

   Inserted: "(4) A description of the risks, if any, of failing to fund such strategies in the amounts required to fully fund such strategies (as specified in paragraph (2)).

   Inserted: "(5) A description of the actions being taken by the Department of Defense to mitigate the risks described in paragraph (4).

   Inserted: "(c) Key Military Equipment Defined.--In this section, the term 'key military equipment'--

   Inserted: "(1) means--

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   Inserted: "(A) major weapons systems that are essential to accomplishing the national defense strategy; and

   Inserted: "(B) other military equipment, such as major command, communications, computer intelligence, surveillance, and reconnaissance (C4ISR) equipment and systems designed to prevent fratricide, that is critical to the readiness of military units; and

   Inserted: "(2) includes equipment reviewed in the report of the Comptroller General of the United States numbered GAO-06-141.".

   Inserted: (b) Clerical Amendment.--The table of sections at the beginning of such chapter is amended by adding at the end the following new item:

   Inserted: "234. Budgeting for key military equipment: annual reports.".

   Original wording

   At the end of subtitle D of title X, add the following:

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As printed