[Congressional Record Volume 161, Number 89 (Thursday, June 4, 2015)]
[Senate]
[Page S3800]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1664. Mr. SCHUMER submitted an amendment intended to be proposed 
to amendment SA 1463 proposed by Mr. McCain to the bill H.R. 1735, to 
authorize appropriations for fiscal year 2016 for military activities 
of the Department of Defense and for military construction, to 
prescribe military personnel strengths for such fiscal year, and for 
other purposes; which was ordered to lie on the table; as follows:

       At the end of subtitle A of title VIII, add the following:

     SEC. 811. IMPLEMENTATION OF VALUE-BASED ACQUISITIONS.

       (a) Value-based Acquisition Process Required.--
       (1) In General.--Not later than 90 days after the date of 
     the enactment of this Act, the Secretary of Defense and the 
     Secretaries of each of the military departments shall 
     independently submit to the congressional defense committees 
     a study that proposes methodologies for measuring and 
     optimizing the targeted and returned value of each 
     department's acquisition portfolio, as quantifiable and 
     verifiable as a function of utility, monetary cost, and time-
     to-capability and for purposes of comprising the disparate 
     capability options that might populate an optimal portfolio.
       (2) Scope of Methodology.--The value based acquisition 
     portfolio management methodology proposed under this 
     subsection shall--
       (A) consider demonstrated commercial and government best 
     practice for value-centric management, engineering, and 
     procurement;
       (B) consider watchdog report recommendations regarding 
     Department of Defense aquisition shortcomings;
       (C) be consistent with the intent of existing and emerging 
     acquisition and related policies;
       (D) address linkages and collaboration across Defense 
     [PPBS, JCIDS, A&A], Engineering, Procurement, and Sustainment 
     processes; and
       (E) provide mathematically robust, tailorable, optimization 
     algorithms suitable for supporting value-based acquisition 
     portfolio investment decisions, and management across the 
     spectrum of Department of Defense programs.
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