Page:United States Statutes at Large Volume 124.djvu/2700

 124 STAT. 2674 PUBLIC LAW 111–259—OCT. 7, 2010 (C) SUBMISSION OF ACQUISITION STRATEGY.—Based on the results of an enterprise process management review and the availability of funds, the Director shall submit the acquisition strategy described in subparagraph (B)(i) to the congressional intelligence committees not later than March 31, 2011. SEC. 323. REPORTS ON THE ACQUISITION OF MAJOR SYSTEMS. (a) REPORTS.— (1) IN GENERAL.—Title V of the National Security Act of 1947 (50 U.S.C. 413 et seq.), as amended by section 322 of this Act, is further amended by inserting after section 506D, as added by section 322(a)(1), the following new section: ‘‘REPORTS ON THE ACQUISITION OF MAJOR SYSTEMS ‘‘SEC. 506E. (a) DEFINITIONS.—In this section: ‘‘(1) The term ‘cost estimate’— ‘‘(A) means an assessment and quantification of all costs and risks associated with the acquisition of a major system based upon reasonably available information at the time the Director establishes the 2010 adjusted total acquisition cost for such system pursuant to subsection (h) or restructures such system pursuant to section 506F(c); and ‘‘(B) does not mean an ‘independent cost estimate’. ‘‘(2) The term ‘critical cost growth threshold’ means a percentage increase in the total acquisition cost for a major system of at least 25 percent over the total acquisition cost for the major system as shown in the current Baseline Estimate for the major system. ‘‘(3)(A) The term ‘current Baseline Estimate’ means the projected total acquisition cost of a major system that is— ‘‘(i) approved by the Director, or a designee of the Director, at Milestone B or an equivalent acquisition deci- sion for the development, procurement, and construction of such system; ‘‘(ii) approved by the Director at the time such system is restructured pursuant to section 506F(c); or ‘‘(iii) the 2010 adjusted total acquisition cost deter- mined pursuant to subsection (h). ‘‘(B) A current Baseline Estimate may be in the form of an independent cost estimate. ‘‘(4) Except as otherwise specifically provided, the term ‘Director’ means the Director of National Intelligence. ‘‘(5) The term ‘independent cost estimate’ has the meaning given that term in section 506A(e). ‘‘(6) The term ‘major contract’ means each of the 6 largest prime, associate, or Government-furnished equipment contracts under a major system that is in excess of $40,000,000 and that is not a firm, fixed price contract. ‘‘(7) The term ‘major system’ has the meaning given that term in section 506A(e). ‘‘(8) The term ‘Milestone B’ means a decision to enter into major system development and demonstration pursuant to guidance prescribed by the Director. ‘‘(9) The term ‘program manager’ means— 50 USC 415a–7.