REPORTS ON BUDGETING RELATING TO SUSTAINMENT OF KEY MILITARY EQUIPMENT.

SEC. 361. REPORTS ON BUDGETING RELATING TO SUSTAINMENT OF KEY MILITARY EQUIPMENT.(a) Reports Required.—In each of 2006, 2007, and 2008, at or about the time that the budget of the President is submitted to Congress that year under section 1105(a) of title 31, United States Code, the Secretary of Defense shall submit to Congress a report on the budgeting of the Department of Defense for the sustainment of key military equipment.119 STAT. 3209(b) Report Elements.—The report required by subsection (a) for a year shall set forth the following:(1) A description of the current strategies of the Department of Defense for sustaining key military equipment, and for any modernization that will be required of such equipment.(2) A description of the amounts required for the Department for the fiscal year beginning in such year in order to fully fund the strategies described in paragraph (1).(3) A description of the amounts requested for the Department for such fiscal year in order to fully fund such strategies.(4) A description of the risks, if any, of failing to fund such strategies in the amounts required to fully fund such strategies (as specified in paragraph (2)).(5) A description of the actions being taken by the Department of Defense to mitigate the risks described in paragraph (4).(c) Key Military Equipment Defined.—In this section, the term “key military equipment”—(1) means—(A) major weapons systems that are essential to accomplishing the national defense strategy; and(B) other military equipment, such as major command, control, communications, computer, intelligence, surveillance, and reconnaissance (C4ISR) equipment, and systems designed to prevent fratricide, that is critical to the readiness of military units; and(2) includes equipment reviewed in the report of the Comptroller General of the United States numbered GAO–06–141.