S.Amdt. 4265

SA 4265. Mr. COCHRAN submitted an amendment intended to be proposed
by him to the bill S. 2943, to authorize appropriations for fiscal year
2017 for military activities of the Department of Defense, for military
construction, and for defense activities of the Department of Energy,
to prescribe military personnel strengths for such fiscal year, and for
other purposes; which was ordered to lie on the table; as follows:

Beginning on page 45, strike line 20 and all that follows
through page 47, line 22, and insert the following:

SEC. 126. REPORTING ON USS JOHN F. KENNEDY (CV-79) AND USS
ENTERPRISE (CVN-80).

(a) Report on CVN-79 and CVN-80.--Not later than December
1, 2016, the Secretary of the Navy and the Chief of Naval
Operations shall submit to the congressional defense
committees a report on alternatives, including de-scoping
requirements if necessary, to achieve a CVN-80 procurement
end cost of $12,000,000,000. In addition, the report shall
describe all applicable CVN-80 alternatives that could be
applied to CVN-79 to enable an $11,000,000,000 procurement
end cost.
(b) Annual Report on CVN-79 and CVN-80.--
(1) In general.--The Secretary of the Navy and the Chief of
Naval Operations shall annually submit, with the budget of
the President submitted to Congress under section 1105(a) of
title 31, United States Code, a progress report describing
efforts to attain the CVN-79 and CVN-80 procurement end costs
specified in subsection (a).
(2) Elements.--The report under paragraph (1) shall include
the following elements:
(A) A description of progress made toward achieving the
procurement end costs specified in subsection (a), including
realized cost savings.
(B) A description of specific low value-added or
unnecessary elements of program cost that have been reduced
or eliminated.
(C) Cost savings estimates for current and planned
initiatives.
(D) A schedule including a spend plan with phasing of key
obligations and outlays, decision points when savings could
be realized, and key events that must take place to execute
initiatives and achieve savings.
(E) Instances of lower estimates used in contract
negotiations.
(F) A description of risks to achieving the procurement end
costs specified in subsection (a).
(G) A description of incentives or rewards provided or
planned to be provided for meeting the procurement end costs
specified in subsection (a).
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