DEEPWATER REPORTS.

SEC. 408. DEEPWATER REPORTS.(a) Annual Deepwater Implementation Report.—Not later than 30 days after the date of enactment of this Act and in conjunction with the transmittal by the President of the budget of the United States for each fiscal year thereafter, the Secretary of the department in which the Coast Guard is operating shall submit to the Committee on Commerce, Science, and Transportation of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives a report on the implementation of the Integrated Deepwater Systems Program, as revised in 2005 (in this section referred to as the “Deepwater program”), that includes—(1) a justification for how the projected number and capabilities of each Deepwater program asset meets the revised mission needs statement delivered as part of the Deepwater program and the performance goals of the Coast Guard;(2) a projection of the remaining operational lifespan of each legacy asset;(3) an identification of any changes to the Deepwater program, including—(A) any changes to the timeline for the acquisition of each new asset and the phase out of legacy assets for the life of the Deepwater program; and(B) any changes to the costs for that fiscal year or future fiscal years or the total costs of the Deepwater program, including the costs of new and legacy assets;(4) a justification for how any change to the Deepwater program fulfills the mission needs statement for the Deepwater program and performance goals of the Coast Guard;(5) an identification of how funds in that fiscal year’s budget request will be allocated, including information on the purchase of specific assets;(6) a detailed explanation of how the costs of the legacy assets are being accounted for within the Deepwater program;(7) a description of how the Coast Guard is planning for the integration of Deepwater program assets into the Coast Guard, including needs related to shore-based infrastructure and human resources; and120 STAT. 538(8) a description of the competitive process conducted in all contracts and subcontracts exceeding $2,500,000 awarded under the Deepwater program.(b) Deepwater Acceleration Report.—Not later than 30 days after the date of enactment of this Act, the Secretary shall submit to the Committee on Commerce, Science, and Transportation of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives a report on the acceleration of the current Deepwater program acquisition timeline that reflects completion of the Deepwater program in each of 10 years and 15 years and includes—(1) a detailed explanation of the number and type of each asset that would be procured for each fiscal year under each accelerated acquisition timeline;(2) the required funding for such completion under each accelerated acquisition timeline;(3) anticipated costs associated with legacy asset sustainment for the Deepwater program under each accelerated acquisition timeline;(4) anticipated mission deficiencies, if any, associated with the continued degradation of legacy assets in combination with the procurement of new assets under each accelerated acquisition timeline; and(5) an evaluation of the overall feasibility of achieving each accelerated acquisition timeline, including—(A) contractor capacity;(B) national shipbuilding capacity;(C) asset integration into Coast Guard facilities;(D) required personnel; and(E) training infrastructure capacity on technology associated with new assets.(c) Oversight Report.—Not later than 90 days after the date of enactment of this Act, the Commandant of the Coast Guard, in consultation with the Government Accountability Office, shall submit to the Committee on Commerce, Science, and Transportation of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives a report on the status of the Coast Guard’s implementation of the Government Accountability Office’s recommendations in its report, GAO–04–380, entitled “Coast Guard Deepwater Program Needs Increased Attention to Management and Contractor Oversight”, including the dates by which the Coast Guard plans to complete implementation of such recommendations if any of such recommendations remain open as of the date the report is transmitted to the Committees.(d) Independent Analysis of Revised Deepwater Plan.—The Secretary may periodically, either through an internal review process or a contract with an outside entity, conduct an analysis of all or part of the Deepwater program and assess whether—(1) the choice of assets and capabilities selected as part of that program meets the Coast Guard’s goals for performance and minimizing total ownership costs; or(2) additional or different assets should be considered as part of that program.