RESTATEMENT OF REQUIREMENT FOR SEMIANNUAL REPORTS TO CONGRESS ON TRANSFERS FROM HIGH-PRIORITY READINESS APPROPRIATIONS.

SEC. 362. RESTATEMENT OF REQUIREMENT FOR SEMIANNUAL REPORTS TO CONGRESS ON TRANSFERS FROM HIGH-PRIORITY READINESS APPROPRIATIONS. Section 361 of the National Defense Authorization Act for Fiscal Year 1995 (Public Law 103–337; 108 Stat. 2732) is amended to read as follows: “SEC. 361. SEMIANNUAL REPORTS TO CONGRESS ON TRANSFERS FROM HIGH-PRIORITY READINESS APPROPRIATIONS. “(a) Annual Reports.— During 1996 and 1997, the Secretary of Defense shall submit to the congressional defense committees a report on transfers during the preceding fiscal year from funds available for each budget activity specified in subsection (d) (hereinafter in this section referred to as ‘covered budget activities’). The report each year shall be submitted not later than the date in that year on which the President submits the budget for the next fiscal year to Congress pursuant to section 1105 of title 31, United States Code. “(b) Midyear Reports.— On May 1 of each year specified in subsection (a), the Secretary of Defense shall submit to the congressional defense committees a report providing the same information, with respect to the first six months of the fiscal year in which the report is submitted, that is provided in reports under subsection (a) with respect to the preceding fiscal year. “(c) Matters To Be Included.— In each report under this section, the Secretary shall include for each covered budget activity the following: “(1) A statement, for the period covered by the report, of— 110 STAT. 274 “(A) the total amount of transfers into funds available for that activity; “(B) the total amount of transfers from funds available for that activity; and “(C) the net amount of transfers into, or out of, funds available for that activity. “(2) A detailed explanation of the transfers into, and out of, funds available for that activity during the period covered by the report. “(d) Covered Budget Activities.— The budget activities to which this section applies are the following: “(1) The budget activity groups (known as ‘subactivities’) within the Operating Forces budget activity of the annual Operation and Maintenance, Army, appropriation that are designated as follows: “(A) Combat Units. “(B) Tactical Support. “(C) Force-Related Training/Special Activities. “(D) Depot Maintenance. “(E) JCS Exercises. “(2) The budget activity groups (known as ‘subactivities’) within the Operating Forces budget activity of the annual Operation and Maintenance, Navy, appropriation that are designated as follows: “(A) Mission and Other Flight Operations. “(B) Mission and Other Ship Operations. “(C) Fleet Air Training. “(D) Ship Operational Support and Training. “(E) Aircraft Depot Maintenance. “(F) Ship Depot Maintenance. “(3) The budget activity groups (known as ‘subactivities’), or other activity, within the Operating Forces budget activity of the annual Operation and Maintenance, Air Force, appropriation that are designated or otherwise identified as follows: “(A) Primary Combat Forces. “(B) Primary Combat Weapons. “(C) Global and Early Warning. “(D) Air Operations Training. “(E) Depot Maintenance. “(F) JCS Exercises.”.