REVIEW OF OBLIGATION AND EXPENDITURE THRESHOLDS.

SEC. 882. REVIEW OF OBLIGATION AND EXPENDITURE THRESHOLDS.(a) Process Review.—Not later than one year after the date of the enactment of this Act, the Chief Management Officer of the Department of Defense, in coordination with the Chief Management Officer of each military department, the Director of the Office of Performance Assessment and Root Cause Analysis, the Under Secretary of Defense (Comptroller), and the Comptrollers of the military departments, shall complete a comprehensive review of the use and value of obligation and expenditure benchmarks and propose new benchmarks or processes for tracking financial performance, including, as appropriate—124 STAT. 4309 (1) increased reliance on individual obligation and expenditure plans for measuring program financial performance;(2) mechanisms to improve funding stability and to increase the predictability of the release of funding for obligation and expenditure; and(3) streamlined mechanisms for a program manager to submit an appeal for funding changes and to have such appeal evaluated promptly.(b) Training.—The Under Secretary of Defense for Acquisition, Technology, and Logistics and the Under Secretary of Defense (Comptroller) shall ensure that, as part of the training required for program managers and business managers, an emphasis is placed on obligating and expending appropriated funds in a manner that achieves the best value for the Government and that the purpose and limitations of obligation and expenditure benchmarks are made clear.(c) Report.—The Deputy Chief Management Officer of the Department of Defense shall include a report on the results of the review under this section in the next update of the strategic management plan transmitted to the Committees on Armed Services of the Senate and the House of Representatives under section 904(d) of the National Defense Authorization Act for Fiscal Year 2008 (Public Law 110–181; 122 Stat. 275; 10 U.S.C. note prec. 2201) after the completion of the review.