(a) In general
Section 8120 of title 38, United States Code, is amended to read as follows:
8120. Reports on key capital asset investments, activities, and performance
(a) Capital asset investment, activities, and performance
(1) In general
Not later than 30 days after the end of each fiscal year, and every 60 days thereafter until the end of the subsequent fiscal year, the Secretary shall submit to the appropriate committees of Congress a report on key capital asset investments, activities, and performance of the Department.
(2) Elements
(A) First report in each fiscal year
The first report under paragraph (1) in each fiscal year shall include the following:
A brief summary of work that was completed on each capital asset project that was completed in the previous fiscal year.
A brief summary of the accomplishments, impediments, and challenges experienced by the Department with respect to capital asset projects in the previous fiscal year and a description of efforts made to address any such impediments and challenges.
With respect to each capital asset project completed in such year, the following:
In the case of any capital asset project completed during the previous fiscal year with respect to which the final cost of the project (or any increment of the project) was more than 10 percent greater than the estimated cost of the project (or increment) or the completion of such project (or increment) was more than 180 days later than the planned schedule for such project (or increment)—
A list of any capital asset projects cancelled during the previous fiscal year, including any projects in the design phase and including the reason for the cancellation.
A summary of total actual obligations for capital asset projects for the previous fiscal year, broken out by major construction, minor construction, nonrecurring maintenance, and leases from the medical facilities appropriation account of the Department.
A projected list of capital asset projects, broken out by type of project under subclause (I), that are expected to be initiated during the current fiscal year and those that are expected to be completed during the current fiscal year, which shall include the following:
Projected total obligations for capital asset projects for the current fiscal year, broken out by major construction, minor construction, nonrecurring maintenance, and leases, from the medical facilities appropriation account of the Department.
Such observations of best practices, impediments, and accomplishments related to the capital asset management and performance of the Department, including any legislative or administrative action, as the Secretary considers appropriate with respect to such practices, impediments, and accomplishments.
Meaningful metrics that show the progress of the Department toward meeting relevant goals of the Department relating to capital asset management.
Such other matters as the Secretary considers appropriate.
(B) Subsequent reports
Each report in a fiscal year after the first report shall include, at a minimum, relevant updates on any capital asset projects that are ongoing during that fiscal year, including any updates to information provided with respect to such projects under subparagraph (A).
(3) Matters relating to reporting costs
In each report under paragraph (1), when reporting on costs for capital asset projects, the Secretary may include information regarding Federal requirements, including those specific to the Department, that may not exist in the non-Federal construction sector that may increase costs for capital asset projects.
(b) Super construction projects
(1) In general
Not later than 30 days after the end of each fiscal year, and every 60 days thereafter until the end of that fiscal year, the Secretary shall submit to the appropriate committees of Congress a report on the super construction projects carried out by the appropriate non-Department Federal entity described in section 8103(e)(1) of this title during such year.
(2) Elements
Each report required under paragraph (1) shall include, for each project described in such paragraph—
the budgetary and scheduling status of the project, as of the last day of the most recent fiscal quarter ending before the date on which the report is required to be submitted; and
the actual cost and schedule variances of the project, as of such day, compared to the planned cost and schedules for the project.
(c) Definitions
In this section:
(1) Appropriate committees of Congress
The term appropriate committees of Congress means—
the Committee on Appropriations and the Committee on Veterans’ Affairs of the Senate; and
the Committee on Appropriations and the Committee on Veterans’ Affairs of the House of Representatives.
(2) Capital asset project
The term capital asset project means a capital asset investment or activity of the Department.
(3) Super construction project
The term super construction project has the meaning given such term in section 8103(e)(3) of this title.
(b) Clerical amendment
The table of sections at the beginning of chapter 81 of title 38, United States Code, is amended by striking the item relating to section 8120 and inserting the following new item: