Title: DOD Portfolio Management Accountability Act
Policy area: Armed Forces and National Security

Summary:
DOD Portfolio Management Accountability Act
This bill requires the Department of Defense to submit a plan to identify, develop, and acquire databases, analytical and financial tools, and workforce skills to improve the assessment, management, and optimization of weapon system investments, including through consolidation.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7049 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 7049

 To require the Secretary of Defense to develop a plan to improve the 
  Department of Defense-wide management of the investments in weapon 
           systems of the Department, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 28, 2020

 Mr. Johnson of South Dakota (for himself, Mr. Vela, and Mr. Wilson of 
 South Carolina) introduced the following bill; which was referred to 
                    the Committee on Armed Services

_______________________________________________________________________

                                 A BILL


 
 To require the Secretary of Defense to develop a plan to improve the 
  Department of Defense-wide management of the investments in weapon 
           systems of the Department, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``DOD Portfolio Management 
Accountability Act''.

SEC. 2. PORTFOLIO MANAGEMENT PLAN.

    (a) In General.--The Secretary of Defense shall direct the Under 
Secretary of Defense for Acquisition and Sustainment, in coordination 
with the Chairman of the Joint Chiefs of Staff, and the Director of 
Cost Assessment and Program Evaluation, to develop a plan to identify, 
develop, and acquire databases, analytical and financial tools, and 
workforce skills to improve the Department of Defense-wide assessment, 
management, and optimization of the investments in weapon systems of 
the Department, including through consolidation of duplicate or similar 
weapon system programs.
    (b) Plan Contents.--The plan developed under subsection (a) shall--
            (1) describe the databases and analytical and financial 
        tools in use by the Department of Defense that may be used to 
        support the Department-wide assessment, management, and 
        optimization of the investments in weapon systems of the 
        Department;
            (2) determine the database and analytical and financial 
        tool requirements that must be met, and the workforce skills 
        necessary, for more effective Department-wide reviews, 
        analyses, and management by the Secretary of the investments in 
        weapon systems of the Department;
            (3) identify the skills described in paragraph (2) that are 
        possessed by the workforce of the Department;
            (4) identify the databases and analytical and financial 
        tools to be modified, developed, or acquired to improve the 
        Department-wide reviews, analyses, and management of the 
        investments in weapon systems of the Department; and
            (5) set forth a timeline for implementing the plan, 
        including a timeline for the modification, development, and 
        acquisition of each database and analytical and financial tool 
        identified under paragraph (4).
    (c) Submission to Congress.--
            (1) In general.--Not later than 180 days after the date of 
        the enactment of this Act, the Secretary of Defense shall 
        submit to Congress the plan developed under subsection (a).
            (2) Form.--The plan submitted under paragraph (1) shall be 
        in an unclassified form but may contain a classified annex.
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