REPORT ON NONAVAILABILITY DETERMINATIONS AND QUARTERLY NATIONAL TECHNOLOGY AND INDUSTRIAL BASE BRIEFINGS.

SEC. 842. REPORT ON NONAVAILABILITY DETERMINATIONS AND QUARTERLY NATIONAL TECHNOLOGY AND INDUSTRIAL BASE BRIEFINGS. (a) In General.—Section 2504 of title 10, United States Code, is amended— (1) by striking “The Secretary” and inserting the following: “(a) Annual Report.—The Secretary” ; (2) in subsection (a), as designated by paragraph (1), by adding at the end the following new paragraph: “(5) A detailed description of any use by the Secretary of Defense or a Secretary concerned, as applicable, during the prior 12 months of a waiver or exception to the sourcing requirements or prohibitions established by chapter 83 of title 41 or subchapter V of chapter 148 of this title, including— “(A) the type of waiver or exception used; and “(B) the reasoning for the use of each such waiver or exception.” ; and (3) by adding at the end the following new subsection: “(b) Quarterly Briefings.—(1) The Secretary of Defense shall ensure that the congressional defense committees receive quarterly briefings on the industrial base supporting the Department of Defense, describing challenges, gaps, and vulnerabilities in the defense industrial base and commercial sector relevant to execution of defense missions, and describing initiatives to address such challenges. “(2) Each briefing under paragraph (1) shall include an update on the progress of addressing such gaps or vulnerabilities by the Secretary, the Secretary of the military department concerned, or the appropriate head of a Defense Agency, including an update on— “(A) actions taken to address such gaps or vulnerabilities; “(B) policy changes necessary to address such gaps or vulnerabilities; and “(C) the proposed timeline for action and resources required to address such gaps or vulnerabilities.” . (b) Conforming and Clerical Amendments.— (1) Heading amendment.—The heading of section 2504 of title 10, United States Code, is amended to read as follows: “SEC. 2504. National technology and industrial base: annual report and quarterly briefings” . (2) [10 U.S.C. 2501] Clerical amendment.—The table of sections for subchapter II of chapter 148 of such title is amended by striking the item relating to section 2504 and inserting the following new item: “2504. National technology and industrial base: annual report and quarterly briefings.” .