REPORTS REQUIRED BY TITLE 10. UNITED STATES CODE

SEC. 1311. REPORTS REQUIRED BY TITLE 10. UNITED STATES CODE Title 10, United States Code, is amended as follows: (1) Section 128(d) is amended by striking out “on a quarterly basis” and inserting in lieu thereof “on an annual basis”. (2) Section 402(d) is amended— (A) by striking out “At the end of each six-month period” and inserting in lieu thereof “Not later than July 31 each year”; and (B) by striking out “such six-month period” and inserting in lieu thereof “the 12-month period ending on the preceding June 30”. (3) Section 662(b) is amended by striking out “the Secretary shall immediately notify Congress of such failure and of” in the second sentence and inserting in lieu thereof “the Secretary shall include in the periodic report required by this subsection information on such failure and on”. (4) Section 2361(c) is amended— (A) by striking out “a semiannual report” in paragraph (1) and inserting in lieu thereof “an annual report”;and 104 STAT. 1670 (B) by striking out “the six-month periods” in paragraph (2) and all that follows in that paragraph and inserting in lieu thereof “the preceding calendar year and shall be submitted not later than February 1 of the year after the year covered by the report.”. (5) Section 2457(d) is amended by striking out “Before February 1 of each year,” and inserting in lieu thereof “Before February 1, 1989, and biennially thereafter,”. (6) Section 2662(b) is amended by striking out “$5,000” and inserting in lieu thereof “the small purchase threshold under section 2304(g) of this title”. (7) Section 7434 is amended to read as follows: “§ 7434. Annual report to Armed Services Committees “The Secretary shall submit to the Committees on Armed Services of the Senate and House of Representatives an annual report on the production from the naval petroleum reserves during the preceding calendar year. Each such report shall be submitted within 30 days after the end of a fiscal year.”.