IMPLEMENTATION OF THE DEFENSE BUSINESS OPERATIONS FUND.

SEC. 332. IMPLEMENTATION OF THE DEFENSE BUSINESS OPERATIONS FUND. Section 316 of the National Defense Authorization Act for Fiscal Years 1992 and 1993 (10 U.S.C. 2208 note) is amended by striking out subsections (d), (e), and (f) and inserting in lieu thereof the following new subsections (d), (e), and (f): “(d) Comprehensive Management Plan.—(1) Not later than 30 days after the date of the enactment of the National Defense Authorization Act for Fiscal Year 1994, the Secretary of Defense shall submit to the congressional defense committees a comprehensive management plan for the Defense Business Operations Fund. The Secretary shall identify in the plan the actions the Secretary will take to improve the implementation and operation of the Defense Business Operations Fund. “(2)(A) The plan shall also include the following matters: “(i) The specific tasks to be performed to address the serious shortcomings that exist in the Fund’s implementation and operation. “(ii) Milestones for starting and completing each task. 107 STAT. 1621 “(iii) A statement of the resources needed to complete each task. “(iv) The specific organizations within the Department of Defense that are responsible for accomplishing each task. “(v) Department of Defense plans to monitor the implementation of all corrective actions. “(B) The plan shall also address the following specific areas: “(i) The management and organizational structure of the Fund. “(ii) The development and implementation of the policies and procedures, including cash management and internal controls, applicable to the Fund. “(iii) Management reporting, including financial and operational reporting. “(iv) Accuracy and reliability of cost accounting data. “(v) Development and use of performance indicators to measure the efficiency and effectiveness of Fund operations. “(vi) The status of efforts to develop and implement new financial systems for the Fund. “(e) Progress Report on Implementation.—Not later than February 1, 1994, the Secretary of Defense shall submit to the congressional defense committees a report on the progress made in implementing the comprehensive management plan required by subsection (d). The report shall describe the progress made in reaching the milestones established in the plan and provide an explanation for the failure to meet any of the milestones. The Secretary shall submit a copy of the report to the Comptroller General of the United States at the same time the Secretary submits the report to the congressional defense committees. “(f) Responsibilities of the Comptroller General.—(1) The Comptroller General shall monitor and evaluate the progress of the Department of Defense in developing and implementing the comprehensive management plan required by subsection (d). “(2) Not later than March 1, 1994, the Comptroller General shall submit to the congressional defense committees a report containing the following: “(A) The findings and conclusions of the Comptroller General resulting from the monitoring and evaluation conducted under paragraph (1). “(B) An evaluation of the progress report submitted to the congressional defense committees by the Secretary of Defense pursuant to subsection (e). “(C) Any recommendations for legislation or administrative action concerning the Fund that the Comptroller General considers appropriate.”.