Sec. 126. LIMITATION ON AVAILABILITY OF FUNDS FOR PROCUREMENT OF U.S.S. ENTERPRISE (CVN-80)
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## SEC. 126 LIMITATION ON AVAILABILITY OF FUNDS FOR PROCUREMENT OF U.S.S. ENTERPRISE (CVN-80) ###
(a)Limitation 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). ###
(b)Initial Report on CVN-79 and CVN-80 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— ####
(1)not more than $12,000,000,000 for the CVN-80; and ####
(2)not more than $11,000,000,000 for the U.S.S. John F. Kennedy (CVN-79). ###
(c)Annual Report on CVN-79 , CVN–80, CVN–81, and Subsequent Carriers ####
(1)In general Together with the budget of the President for each fiscal year through fiscal year 2032 (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 cost targets for the CVN–79, the CVN–80, the CVN–81, and each subsequent Ford-class aircraft carrier. ####
(2)Elements The report under paragraph
(1)shall include, with respect to the procurement of the CVN-79 , the CVN–80, the CVN–81, and each subsequent Ford-class aircraft carrier, the following: #####
(A)A description of the progress made toward achieving the ship end cost targets, including realized cost savings. #####
(B)A description of low value-added or unnecessary elements of program cost that have been reduced or eliminated. #####
(C)Cost savings estimates for current and planned initiatives. #####
(D)A schedule that includes— ######
(i)a plan for spending with phasing of key obligations and outlays; ######
(ii)decision points describing when savings may be realized; and ######
(iii)key events that must occur to execute initiatives and achieve savings. #####
(E)Instances of lower Government estimates used in contract negotiations. #####
(F)A description of risks that may result from achieving the procurement end cost targets. #####
(G)A description of incentives or rewards provided or planned to be provided to prime contractors for meeting the procurement end cost targets. #####
(H)A comparison of the ship cost baseline to the most recent budget estimate available as of the date of the report, set forth separately for costs related to— ######
(i)development; ######
(ii)procurement; and ######
(iii)operations and sustainment. #####
(I)For each contract that requires the production of a contract performance report, estimates from the contractor and program manager of— ######
(i)the total cost of the ship at completion, taking into account any changes in costs known or anticipated as of the date of the report; and ######
(ii)the schedule for completion of the ship, taking into account any variances to such schedule known or anticipated as of the date of the report. ####
(3)Commencement and termination of reporting The requirement to submit a report with respect to a Ford-class aircraft carrier under paragraph
(1)shall— #####
(A)begin in the year following the first fiscal year for which funds are appropriated for the procurement of the carrier; and #####
(B)end on the date the carrier reaches its obligation work limiting date.