Limitation on availability of funds for travel expenses of Office of Secretary of Defense until completion of certain audit requirements

(a) Limitation Of the funds authorized to be appropriated by this Act or otherwise made available for fiscal year 2026 for operation and maintenance, defense-wide, and available for the Office of the Secretary of Defense for travel expenses, not more than 75 percent may be obligated or expended until the earlier of the following: (1) The first date on which at least eleven covered reporting entities have received an unmodified audit opinion with respect to the financial statements of that entity undergoing audit for the preceding fiscal year. (2) The date on which a Department of Defense-wide material weakness identified in the annual report on the implementation of the Financial Improvement and Audit Remediation Plan required under section 240b of title 10, United States Code, for fiscal year 2024, is closed or otherwise resolved in a manner other than through consolidation. (b) Covered reporting entity defined In this section, the term covered reporting entity has the meaning given the term government-wide reporting entity in the document of the Federal Accounting Standards Advisory Board titled Statement of Federal Financial Accounting Standards 47: Reporting Entity and issued December 30, 2014, or such successor document.