Page:United States Statutes at Large Volume 124.djvu/2701

 124 STAT. 2675 PUBLIC LAW 111–259—OCT. 7, 2010 ‘‘(A) the head of the element of the intelligence commu- nity that is responsible for the budget, cost, schedule, and performance of a major system; or ‘‘(B) in the case of a major system within the Office of the Director of National Intelligence, the deputy who is responsible for the budget, cost, schedule, and perform- ance of the major system. ‘‘(10) The term ‘significant cost growth threshold’ means the percentage increase in the total acquisition cost for a major system of at least 15 percent over the total acquisition cost for such system as shown in the current Baseline Estimate for such system. ‘‘(11) The term ‘total acquisition cost’ means the amount equal to the total cost for development and procurement of, and system-specific construction for, a major system. ‘‘(b) MAJOR SYSTEM COST REPORTS.—(1) The program manager for a major system shall, on a quarterly basis, submit to the Director a major system cost report as described in paragraph (2). ‘‘(2) A major system cost report shall include the following information (as of the last day of the quarter for which the report is made): ‘‘(A) The total acquisition cost for the major system. ‘‘(B) Any cost variance or schedule variance in a major contract for the major system since the contract was entered into. ‘‘(C) Any changes from a major system schedule milestones or performances that are known, expected, or anticipated by the program manager. ‘‘(D) Any significant changes in the total acquisition cost for development and procurement of any software component of the major system, schedule milestones for such software component of the major system, or expected performance of such software component of the major system that are known, expected, or anticipated by the program manager. ‘‘(3) Each major system cost report required by paragraph (1) shall be submitted not more than 30 days after the end of the reporting quarter. ‘‘(c) REPORTS FOR BREACH OF SIGNIFICANT OR CRITICAL COST GROWTH THRESHOLDS.—If the program manager of a major system for which a report has previously been submitted under subsection (b) determines at any time during a quarter that there is reasonable cause to believe that the total acquisition cost for the major system has increased by a percentage equal to or greater than the signifi- cant cost growth threshold or critical cost growth threshold and if a report indicating an increase of such percentage or more has not previously been submitted to the Director, then the program manager shall immediately submit to the Director a major system cost report containing the information, determined as of the date of the report, required under subsection (b). ‘‘(d) NOTIFICATION TO CONGRESS OF COST GROWTH.—(1) When- ever a major system cost report is submitted to the Director, the Director shall determine whether the current acquisition cost for the major system has increased by a percentage equal to or greater than the significant cost growth threshold or the critical cost growth threshold.