[Congressional Record Volume 162, Number 84 (Thursday, May 26, 2016)]
[Senate]
[Page S3312]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 4265. Mr. COCHRAN submitted an amendment intended to be proposed 
by him to the bill S. 2943, to authorize appropriations for fiscal year 
2017 for military activities of the Department of Defense, for military 
construction, and for defense activities of the Department of Energy, 
to prescribe military personnel strengths for such fiscal year, and for 
other purposes; which was ordered to lie on the table; as follows:

       Beginning on page 45, strike line 20 and all that follows 
     through page 47, line 22, and insert the following:

     SEC. 126. REPORTING ON USS JOHN F. KENNEDY (CV-79) AND USS 
                   ENTERPRISE (CVN-80).

       (a) 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 submit to the congressional defense 
     committees a report on alternatives, including de-scoping 
     requirements if necessary, to achieve a CVN-80 procurement 
     end cost of $12,000,000,000. In addition, the report shall 
     describe all applicable CVN-80 alternatives that could be 
     applied to CVN-79 to enable an $11,000,000,000 procurement 
     end cost.
       (b) Annual Report on CVN-79 and CVN-80.--
       (1) In general.--The Secretary of the Navy and the Chief of 
     Naval Operations shall annually submit, with the budget of 
     the President submitted to Congress under section 1105(a) of 
     title 31, United States Code, a progress report describing 
     efforts to attain the CVN-79 and CVN-80 procurement end costs 
     specified in subsection (a).
       (2) Elements.--The report under paragraph (1) shall include 
     the following elements:
       (A) A description of progress made toward achieving the 
     procurement end costs specified in subsection (a), including 
     realized cost savings.
       (B) A description of specific 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 including a spend plan with phasing of key 
     obligations and outlays, decision points when savings could 
     be realized, and key events that must take place to execute 
     initiatives and achieve savings.
       (E) Instances of lower estimates used in contract 
     negotiations.
       (F) A description of risks to achieving the procurement end 
     costs specified in subsection (a).
       (G) A description of incentives or rewards provided or 
     planned to be provided for meeting the procurement end costs 
     specified in subsection (a).
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