(a) Requirement for risk-based approach
Section 3843 of title 10, United States Code, is amended to read as follows:
(b) Implementation
The initial approach required by section 3843 of title 10, United States Code, as added by subsection (a), shall be implemented not later than December 1, 2027.
(c) Report on implementing approach and defining minimum requirements
(1) Agreement
Not later than 90 days after the date of the enactment of this Act, the Secretary of Defense shall enter into an agreement with the acquisition research organization described in section 4142(a) of title 10, United States Code, requiring the organization to—
document and evaluate commercial best practices and industry standards for each type of contractor business system, as described in subsection (b) of such section 3843; and
make recommendations for the approach required by subsection (a) of such section 3843.
(2) Report
Not later than 90 days after the date on which the Secretary and the organization enter into the agreement required by paragraph (1), the organization shall submit to the Secretary a report on the results of the activities carried out under paragraph (1).
(3) Consideration of report
In implementing the initial approach required by subsection (a) of such section 3843, and in defining the minimum requirements for contractor business systems under subsection (b) of such section, the Secretary shall take into account the report submitted under paragraph (2).
(d) Repeal of contractor business systems improvement program
Section 893 of the Ike Skelton National Defense Authorization Act for Fiscal Year 2011 ( Public Law 111–383 ; 10 U.S.C. note prec. 3841) is repealed.