Sec. 126. Limitation on availability of funds for procurement of U.S.S. Enterprise (CVN–80)
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Of the funds authorized to be appropriated by this Act or otherwise made available for fiscal year 2017 for advance procurement or procurement for the U.S.S. Enterprise (CVN–80), not more than 25 percent may be obligated or expended until the date on which the Secretary of the Navy and the Chief of Naval Operations jointly submit to the congressional defense committees the report under subsection (b). Not later than December 1, 2016, the Secretary of the Navy and the Chief of Naval Operations shall jointly submit to the congressional defense committees a report that includes a description of actions that may be carried out (including de-scoping requirements, if necessary) to achieve a ship end cost of— not more than $12,000,000,000 for the CVN–80; and not more than $11,000,000,000 for the U.S.S.
John F. Kennedy (CVN–79). Together with the budget of the President for each fiscal year through fiscal year 2021 (as submitted to Congress under section 1105(a) of title 31, United States Code) the Secretary of the Navy and the Chief of Naval Operations shall submit a report on the efforts of the Navy to achieve the ship end costs described in subsection
(b)for the CVN–79 and CVN–80. The report under paragraph
(1)shall include, with respect to the procurement of the CVN–79 and the CVN–80, the following: A description of the progress made toward achieving the ship end costs described in subsection (b), including realized cost savings. A description of low value-added or unnecessary elements of program cost that have been reduced or eliminated. Cost savings estimates for current and planned initiatives. A schedule that includes— a plan for spending with phasing of key obligations and outlays; decision points describing when savings may be realized; and key events that must occur to execute initiatives and achieve savings. Instances of lower Government estimates used in contract negotiations. A description of risks that may result from achieving the procurement end costs specified in subsection (b). A description of incentives or rewards provided or planned to be provided to prime contractors for meeting the procurement end costs specified in subsection (b).