through providing a percentage of the savings or gen-
eral acquisition bonuses. 
‘‘(3) Guidance for the administration of the 
Fund that includes provisions to do the following: 
‘‘(A) Describe the costs and benefits associ-
ated with the use of direct appropriations or 
credit, transfer, or deposit of unobligated or un-
used funds to finance the Fund. 
‘‘(B) Describe the manner and timing for 
applications for amounts in the Fund to be sub-
mitted. 
‘‘(C) Explain the evaluation criteria to be 
used for approving or prioritizing applications 
for amounts in the Fund in any fiscal year. 
‘‘(D) Explain the mechanism to report to 
Congress on the implementation of the Fund on 
an ongoing basis. 
‘‘(E) Detail measurable performance metrics 
to determine if the Fund is meeting the objective 
to improve the acquisition workforce and to 
achieve cost savings in acquisition manage-
ment.’’. 
(2) CLERICAL AMENDMENT.—The table of con-
tents in section 1(b) of the Homeland Security Act of 
2002 (6 U.S.C. 101 et seq.) is further amended by 
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adding after the item relating to section 838 the fol-
lowing new item: 
‘‘Sec. 839. Multiyear acquisition strategy.’’. 
(b) CONFORMING AMENDMENT
TO FUTURE YEARS 
HOMELAND SECURITY PROGRAM.—Section 874(b) of the 
Homeland Security Act of 2002 (6 U.S.C. 454(b)) is 
amended— 
(1) by striking ‘‘and’’ at the end of paragraph 
(2); 
(2) by striking the period at the end of para-
graph (3) and inserting ‘‘; and’’; and 
(3) by adding at the end the following new para-
graph: 
‘‘(4) include the multiyear acquisition strategy 
required under section 839 of this Act.’’. 
SEC. 303. ACQUISITION REPORTS. 
(a) IN GENERAL.—Subtitle D of title VIII of the 
Homeland Security Act of 2002 (6 U.S.C. 391 et seq.) is 
further amended by adding at the end the following new 
section: 
‘‘SEC. 840. ACQUISITION REPORTS. 
‘‘(a) COMPREHENSIVE
ACQUISITION
STATUS
RE-
PORT.— 
‘‘(1) IN
GENERAL.—The Under Secretary for 
Management each year shall submit to the congres-
sional homeland security committees, at the same 
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time as the President’s budget is submitted for a fiscal 
year under section 1105(a) of title 31, United States 
Code, a comprehensive acquisition status report. The 
report shall include the following: 
‘‘(A) The information required under the 
heading ‘Office of the Under Secretary for Man-
agement’ under Title I of division D of the Con-
solidated Appropriations Act, 2012 (Public Law 
112-74) (as required under the Department of 
Homeland Security Appropriations Act, 2013 
(Public Law 113–6). 
‘‘(B) A listing of programs that have been 
cancelled, modified, paused, or referred to the 
Under Secretary for Management or Deputy Sec-
retary for additional oversight or action by the 
Board, Department Office of Inspector General, 
or the Comptroller General. 
‘‘(C) A listing of established Executive 
Steering Committees, which provide governance 
of a program or related set of programs and 
lower-tiered oversight, and support between ac-
quisition decision events and Component re-
views, including the mission and membership for 
each. 
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‘‘(2) INFORMATION
FOR
MAJOR
ACQUISITION 
PROGRAMS.—For each major acquisition program, the 
report shall include the following: 
‘‘(A) A narrative description, including cur-
rent gaps and shortfalls, the capabilities to be 
fielded, and the number of planned increments or 
units. 
‘‘(B) Acquisition Review Board (or other 
board designated to review the acquisition) sta-
tus of each acquisition, including the current ac-
quisition phase, the date of the last review, and 
a listing of the required documents that have 
been reviewed with the dates reviewed or ap-
proved. 
‘‘(C) The most current, approved acquisi-
tion program baseline (including project sched-
ules and events). 
‘‘(D) A comparison of the original acquisi-
tion program baseline, the current acquisition 
program baseline, and the current estimate. 
‘‘(E) Whether or not an independent 
verification and validation has been imple-
mented, with an explanation for the decision and 
a summary of any findings. 
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‘‘(F) A rating of cost risk, schedule risk, 
and technical risk associated with the program 
(including narrative descriptions and mitigation 
actions). 
‘‘(G) Contract status (including earned 
value management data as applicable). 
‘‘(H) A lifecycle cost of the acquisition, and 
time basis for the estimate. 
‘‘(3) UPDATES.—The Under Secretary shall sub-
mit quarterly updates to such report not later than 
45 days after the completion of each quarter. 
‘‘(b) QUARTERLY PROGRAM ACCOUNTABILITY RE-
PORT.—The Under Secretary for Management shall prepare 
a quarterly program accountability report to meet the De-
partment’s mandate to perform program health assessments 
and improve program execution and governance. The report 
shall be submitted to the congressional homeland security 
committees.’’. 
(b) CLERICAL AMENDMENT.—The table of contents in 
section 1(b) of the Homeland Security Act of 2002 (6 U.S.C. 
101 et seq.) is further amended by adding after the item 
relating to section 839 the following new item: 
‘‘Sec. 840. Acquisition reports.’’. 
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