Modification to authority to award prizes for advanced technology achievements

(a) Secretarial authority Subsection (a) of section 4025 of title 10, United States Code, is amended by striking, acting through the Under Secretary of Defense for Research and Engineering, the Under Secretary of Defense for Acquisition and Sustainment, and the service acquisition executive for each military department,. (b) Maximum amount of award prizes Subsection (c) of such section is amended to read as follows: (c) Limitation No prize competition may result in the award of a prize with a fair market value of more than $20,000,000 without the approval of the Secretary of Defense.. (c) Congressional notification threshold Subsection (g)(1) of such section is amended by striking $10,000,000 and inserting the amount specified in subsection (c).