ONE-YEAR EXTENSION OF PROJECT AUTHORITY AND RELATED REQUIREMENTS OF TASK FORCE FOR BUSINESS AND STABILITY OPERATIONS IN AFGHANISTAN.

SEC. 1533. ONE-YEAR EXTENSION OF PROJECT AUTHORITY AND RELATED REQUIREMENTS OF TASK FORCE FOR BUSINESS AND STABILITY OPERATIONS IN AFGHANISTAN. (a) Extension.—Subsection (a) of section 1535 of the Ike Skelton National Defense Authorization Act for Fiscal Year 2011 (Public Law 111-383; 124 Stat. 4426), as amended by section 1534 of the National Defense Authorization Act for Fiscal Year 2012 (Public Law 112-81; 125 Stat. 1658), is further amended— (1) in paragraph (6), by striking “October 31, 2011, and October 31, 2012” and inserting “October 31, 2011, October 31, 2012, and October 31, 2013”; and (2) in paragraph (7)— (A) by striking “provided in” and inserting “to obligate funds for projects under”; and (B) by striking “September 30, 2012” and inserting “September 30, 2013”. (b) Scope of Projects.—Paragraph (3) of such subsection, as so amended, is further amended by striking “focus on improving the commercial viability of” and inserting “complement”. (c) Funding.—Paragraph (4) of such subsection, as so amended, is further amended— (1) by striking “The Secretary” and inserting the following: “(A) In general. The Secretary” ; (2) by striking “The amount” and all that follows through “appropriate congressional committees.” and inserting the following: “(B) Limitation. The amount of funds obligated under the authority of subparagraph (A)— “(i) may not exceed $150,000,000 for fiscal year 2012, except that not more than 50 percent of such amount of funds may be obligated until the Secretary of Defense submits to the appropriate congressional committees the plan required by subsection (b); and “(ii) may not exceed $93,000,000 for fiscal year 2013, except that not more than $50,000,000 of such amount of funds may be obligated until the Secretary of Defense submits to the appropriate congressional committees the report required by paragraph (7) of this subsection.” ; and (3) by striking “The funds” and inserting the following: “(C) Availability. The funds” . (d) Report on Implementation of Transition Action Plan.—Subsection (a) of section 1535 of the Ike Skelton National Defense Authorization Act for Fiscal Year 2011, as amended by section 1534 of the National Defense Authorization Act for Fiscal Year 2012 and as amended by this section, is further amended— (1) by redesignating paragraph (7) as paragraph (8); and (2) by inserting after paragraph (6) the following new paragraph (7): “(7) Report on implementation of transition action plan. “(A) In general. The Secretary of Defense, in consultation with the Secretary of State, shall submit to the appropriate congressional committees a report on the progress in implementing the Transition Action Plan of the Task Force for Business and Stability Operations in Afghanistan. “(B) Updates. The Secretary of Defense, in consultation with the Secretary of State, shall submit to the appropriate congressional committees an update of the report required by subparagraph (A) every 90 days after the submission of such report.” .