Study on protection of classified information relating to budget functions

(a) Definitions In this section: (1) Appropriate congressional committees The term appropriate congressional committees means— (A) the congressional intelligence committees; (B) the Committee on Homeland Security and Governmental Affairs, the Committee on Banking, Housing, and Urban Affairs, and the Committee on Appropriations of the Senate; and (C) the Committee on Oversight and Government Reform, the Committee on Financial Services, and the Committee on Appropriations of the House of Representatives. (2) Covered official The term covered official means the following: (A) The Secretary of the Treasury. (B) The Director of the Office of Management and Budget. (C) Each head of an element of the intelligence community. (D) Any other head of a department or agency of the Federal Government carrying out a function specified in paragraph (1), (2), or (3) of subsection (a). (3) Federal financial management service functions The term Federal financial management service functions means standard functions, as determined by the Secretary of the Treasury, that departments and agencies of the Federal Government perform relating to Federal financial management, including budget execution, financial asset information management, payable management, revenue management, reimbursable management, receivable management, delinquent debt management, cost management, general ledger management, financial reconciliation, and financial and performance reporting. (4) National Intelligence Program The term National Intelligence Program has the meaning given such term in section 3 of the National Security Act of 1947 (50 U.S.C. 3003). (b) Study required Not later than 180 days after the date of the enactment of this Act, the Director of National Intelligence, in coordination with the Secretary of Defense, the Secretary of the Treasury, and the Director of the Office of Management and Budget, shall submit to the appropriate congressional committees a study outlining the feasibility of and cost associated with the department or agency of a covered official using secure systems that meet the requirements to protect classified information, including with respect to the location at which the system is located or accessed, to carry out any of the following activities of the department or agency: (1) Formulating, developing, and submitting the budget of the department or agency (including the budget justification materials submitted to Congress) under the National Intelligence Program. (2) Apportioning, allotting, issuing warrants for the disbursement of, and obligating and expending funds under the National Intelligence Program. (3) Carrying out Federal financial management service functions or related activities of the intelligence community. (c) Form The study required by subsection (b) shall be submitted in unclassified form, but may include a classified annex.