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Code · STATUTE-COMPILATIONS · Servicemember Quality of Life Improvement and National Defense Authorization Act for Fiscal Year 2025 · Sec. 1005

Sec. 1005. REVISION OF DEPARTMENT OF DEFENSE FINANCIAL MANAGEMENT REGULATION

313 words·~1 min read·/statute-compilations/comps-18280/sec-1005

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## SEC. 1005 REVISION OF DEPARTMENT OF DEFENSE FINANCIAL MANAGEMENT REGULATION ###
(a)Not later than September 30, 2026, the Under Secretary of Defense (Comptroller) shall revise the Department of Defense Financial Management Regulation 7000.14-R. The Under Secretary shall ensure that the revised regulation— ####
(1)is consistent and clear throughout; ####
(2)includes updated guidance with respect to legislative and regulatory requirements; and ####
(3)does not include any outdated guidance or guidance subject to change annually in an annual appropriations Act. ###
(b)Considerations In revising the regulation under subsection (a), the Under Secretary shall— ####
(1)prioritize clarity and accessibility in the language and direction provided, including improvements to the coordination and approval process for recommended changes; ####
(2)review and adopt modern financial practices that better align to current development and production cycles; ####
(3)consider information technology solutions to improve the accessibility and usability of the Financial Management Regulation; and ####
(4)in consultation with the Cross-Functional Team established under section 1006 consider the recommendations of the Commission on Planning, Programming, Budgeting, and Execution Reform. ###
(c)Briefing Not later than 90 days after the date of the enactment of this Act, and once every 180 days thereafter during the three-year period following such date of enactment, the Under Secretary shall provide to the congressional defense committees a briefing on the efforts to revise the Financial Management Regulation. Each such briefing shall include each of the following: ####
(1)The progress made in revising the Financial Management Regulation. ####
(2)The plan and timeline for completing revisions to the Financial Management Regulation. ####
(3)Any barriers to the ability of the Department of Defense to revising the Financial Management Regulation as required under this section. ####
(4)Any legislation required to complete revisions of the Financial Management Regulation. ####
(5)Any other information determined relevant by the Secretary.
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