Section 1 Update to plan and report on reduction of reliance on services, supplies, or materials from covered countries
“(1) identify the services, supplies, or materials described in subsection (a) that are necessary to meet critical defense requirements in the event of a crisis or conflict;
“(2) assess the priority of such services, supplies, and materials; and
“(3) provide options for reducing the reliance of the United States on services, supplies, or materials obtained from sources located in geographic areas controlled by covered countries.”
“(c) Biennial review
“(1) In general—Not later than two years after the date on which the Secretary of Defense submits the report required under subsection (b), and every two years thereafter, the Secretary shall review and update the plan required under subsection (a) to ensure that the plan continues to accomplish the goals described in such subsection.
“(2) Report
“(A) In general—Not later than 90 days after the Secretary of Defense completes a review under paragraph (1), the Secretary shall submit to the congressional defense committees a report on such review, including—
“(i) a description of the steps taken to implement the plan required under subsection (a);
“(ii) a description of, and explanation for, any updates made to such plan under paragraph (1); and
“(iii) an updated assessment of the priority of the services, supplies, or materials described in subsection (a) that are necessary to meet critical defense requirements in the event of a crisis or conflict.
“(B) Sunset—This paragraph shall terminate on the date that is six years after the date on which the Secretary submits the first report required under subparagraph (A).
“(d) Report form—The reports required under subsections (b) and (c)(2) shall be submitted in an unclassified form, but may contain a classified annex.”