Quarterly briefings on Business Operators for National Defense (BOND) Program

(a) In general Not later than January 31, 2027, and every 90 days thereafter until January 31, 2029, the Secretary of Defense shall provide to the Committees on Armed Services of the Senate and the House of Representatives a briefing on the activities of the Business Operators for National Defense (BOND) Program (in this section referred to as the Program) during the 90-day period preceding the briefing that includes supporting details. (b) Elements Each briefing required by paragraph (1) shall address the following: (1) Participants in the Program and where those participants are placed. (2) Metrics for success. (3) Conflict of interest guardrails employed. (4) Cost. (c) Limitation on use of funds None of the funds authorized to be appropriated by this Act, or otherwise made available to the Department of Defense, may be obligated or expended by the Office of the Secretary of Defense for the Program until the Secretary provides the first briefing required by subsection (a).