To require a plan for the elimination of weaknesses in operations that hinder the capacity to assemble and assess reliable cost information on assets acquired under major defense acquisition programs.

1. Adds SEC. 207. PLAN FOR ELIMINATION OF WEAKNESSES IN OPERATIONS THAT HINDER CAPACITY TO ASSEMBLE AND ASSESS RELIABLE COST INFORMATION ON ACQUIRED ASSETS UNDER MAJOR DEFENSE ACQUISITION PROGRAMS at the end of title II

   Adds a section

   In S. 454 · Reported to Senate

   (c) Award of Cash Bonuses.--As part of the program required by subsection (a), the Secretary may award to any individual recognized pursuant to the program a cash bonus authorized by any other provision of law to the extent that the performance of such individual so recognized warrants the award of such bonus under such provision of law.

   Inserted: SEC. 207. PLAN FOR ELIMINATION OF WEAKNESSES IN OPERATIONS THAT HINDER CAPACITY TO ASSEMBLE AND ASSESS RELIABLE COST INFORMATION ON ACQUIRED ASSETS UNDER MAJOR DEFENSE ACQUISITION PROGRAMS.

   Inserted: (a) In General.--Not later than 180 days after the date of the enactment of this Act, the Chief Management Officer of the Department of Defense shall submit to Congress a report setting forth a plan to identify and address weaknesses in operations that hinder the capacity to assemble and assess reliable cost information on the systems and assets to be acquired under major defense acquisition programs.

   Inserted: (b) Elements.--The report required under subsection (a) shall include the following:

   Inserted: (1) Mechanisms to identify any weaknesses in operations under major defense acquisition programs that hinder the capacity to assemble and assess reliable cost information on the systems and assets to be acquired under such programs in accordance with applicable accounting standards.

   Inserted: (2) Mechanisms to address weaknesses in operations under major defense acquisition programs identified pursuant to the utilization of the mechanisms set forth under paragraph (1).

   Inserted: (3) A description of the proposed implementation of the mechanisms set forth pursuant to paragraph (2) to address the weaknesses described in that paragraph, including--

   Inserted: (A) the actions to be taken to implement such mechanisms;

   Inserted: (B) a schedule for carrying out such mechanisms; and

   Inserted: (C) metrics for assessing the progress made in carrying out such mechanisms.

   Inserted: (4) A description of the organization and resources required to carry out mechanisms set forth pursuant to paragraphs (1) and (2).

   Inserted: (5) In the case of the financial management practices of each military department applicable to major defense acquisition programs--

   Inserted: (A) a description of any weaknesses in such practices; and

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   Inserted: (B) a description of the actions to be taken to remedy such weaknesses.

   Inserted: (c) Consultation.--

   Inserted: (1) In general.--In preparing the report required by subsection (a), the Chief Management Officer of the Department of Defense shall seek and consider input from each of the following:

   Inserted: (A) The Chief Management Officer of the Department of the Army.

   Inserted: (B) The Chief Management Officer of the Department of the Navy.

   Inserted: (C) The Chief Management Officer of the Department of the Air Force.

   Inserted: (2) Financial management practices.--In preparing for the report required by subsection (a) the matters covered by subsection (b)(5) with respect to a particular military department, the Chief Management Officer of the Department of Defense shall consult specifically with the Chief Management Officer of the military department concerned.

   Original wording

   At the end of title II, add the following:

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As printed