S.Amdt. 1664

SA 1664. Mr. SCHUMER submitted an amendment intended to be proposed
to amendment SA 1463 proposed by Mr. McCain to the bill H.R. 1735, to
authorize appropriations for fiscal year 2016 for military activities
of the Department of Defense and for military construction, to
prescribe military personnel strengths for such fiscal year, and for
other purposes; which was ordered to lie on the table; as follows:

At the end of subtitle A of title VIII, add the following:

SEC. 811. IMPLEMENTATION OF VALUE-BASED ACQUISITIONS.

(a) Value-based Acquisition Process Required.--
(1) In General.--Not later than 90 days after the date of
the enactment of this Act, the Secretary of Defense and the
Secretaries of each of the military departments shall
independently submit to the congressional defense committees
a study that proposes methodologies for measuring and
optimizing the targeted and returned value of each
department's acquisition portfolio, as quantifiable and
verifiable as a function of utility, monetary cost, and time-
to-capability and for purposes of comprising the disparate
capability options that might populate an optimal portfolio.
(2) Scope of Methodology.--The value based acquisition
portfolio management methodology proposed under this
subsection shall--
(A) consider demonstrated commercial and government best
practice for value-centric management, engineering, and
procurement;
(B) consider watchdog report recommendations regarding
Department of Defense aquisition shortcomings;
(C) be consistent with the intent of existing and emerging
acquisition and related policies;
(D) address linkages and collaboration across Defense
[PPBS, JCIDS, A&A], Engineering, Procurement, and Sustainment
processes; and
(E) provide mathematically robust, tailorable, optimization
algorithms suitable for supporting value-based acquisition
portfolio investment decisions, and management across the
spectrum of Department of Defense programs.
______