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

SEC. 1534. 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) is amended— (1) in paragraph (6)— (A) by striking “October 31, 2011,” and inserting “October 31, 2011, and October 31, 2012”; and (B) by striking “fiscal year 2011” and inserting “the preceding fiscal year”; and (2) in paragraph (7), by striking “September 30, 2011” and inserting “September 30, 2012”. (b) Authorized Projects.—Paragraph (3) of such subsection is amended to read as follows: “(3) Scope of projects. The projects carried out under paragraph (1) may include projects that facilitate private investment, mining sector development, industrial development, and other projects determined by the Secretary of Defense, with the concurrence of the Secretary of State, as strengthening stability or providing strategic support to the counterinsurgency campaign in Afghanistan. To the maximum extent possible, the activities of the Task Force for Business and Stability Operations in Afghanistan should focus on improving the commercial viability of other reconstruction or development activities in Afghanistan conducted by the United States.” . (c) Funding Limitation.—Paragraph (4) of such subsection is amended— (1) by inserting before the period at the end of the second sentence the following: “for fiscal year 2012, except that not more than 50 percent of such amount may be obligated until the plan required by subsection (b) is submitted to the appropriate congressional committees”; and (2) by adding at the end the following new sentence: “The funds shall be available for projects under paragraph (1) that begin in one fiscal year and end in the following fiscal year.”.