§3034 Chief Financial Officer of the Intelligence Community

Summary

Creates a Chief Financial Officer of the Intelligence Community who is chosen by the Director of National Intelligence and reports straight to that Director. The CFO is the top budget adviser for the intelligence community and helps manage and allocate budget resources. The CFO must run an integrated resource planning process and make sure the Director’s strategic plan follows the budget limits shown in the Future Year Intelligence Plans and the Long-term Budget Projections required under section 3103. The plan must include clear goals to support a performance-based budget. Before money is spent on any “major system” at Milestone A or Milestone B, the CFO must get verification that national requirements for the strategic plan exist and are prioritized under those budget limits. The CFO must also make sure collection architectures follow those budget limits, approve or coordinate what the intelligence community tells Congress about National Intelligence Program budgets, join key mission and acquisition boards, carry out other tasks the Director gives, and, when applicable, have the duties in chapter 9 of title 31. The CFO cannot at the same time be the chief financial officer of any other U.S. department, agency, or component. Definitions: major system (see section 3097(e)); Milestone A (see section 3103(f)); Milestone B (see section 3099(e)).