,,ii #aaeth ,,congress #b;d ,session ,s4 #biac ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,may #bb1 #bjah ,ms4 ,cortez ,masto 7for herself and ,mr4 ,cornyn7 introduced the following bill2 which was read twice and referred to the ,committee on ,armed ,services ,a ,,bill ,to require the ,secretary of ,defense to improve the monitoring and oversight of and reporting regarding projects carried out under the ,military ,housing ,privatization ,initiative under subchapter ,,iv of chapter #afi of title #aj1 ,united ,states ,code4 #a4 ,short title ,this ,act may be cited as the ,better ,military ,housing ,act of #bjah4 #b4 ,findings ,congress finds the following3 7#a7 ,in #aiif1 ,congress sought to address the poor quality of military housing by providing the ,department of ,defense authority to obtain private sector financing and management to repair1 renovate1 construct1 and operate military housing4 7#b7 ,since #aiif1 the ,department has privatized #ii percent of military housing in the ,united ,states4 7#c7 ,although the ,department has regularly assessed the financial condition of its privatized housing program1 the ,department has not used consistent measures of financial condition1 consistently assessed future sustainment1 or issued required reports to ,congress in a timely manner4 #c4 ,improvement of monitoring and oversight of and reporting regarding ,military ,housing ,privatization ,initiative 7a7 ,in general ,the ,secretary of ,defense1 in carrying out subchapter ,,iv of chapter #afi of title #aj1 ,united ,states ,code 7known as the ,military ,housing ,privatization ,initiative71 shall-- 7#a7 use consistent measures for the assessment of the financial condition of projects conducted under such subchapter2 7#b7 consistently incorporate measures of future sustainment in assessments of such projects2 7#c7 submit reports regarding such projects to ,congress in a timely manner2 7#d7 fully assess the effects of any reduction in the basic allowance for housing on the financial condition of such projects2 and 7#e7 define1 for each military department1 the tolerance for risk regarding the future sustainability of such projects relative to the goal of providing members of the ,armed ,forces with quality housing4 7b7 ,report or briefing ,not later than #ij days after the date of the enactment of this ,act1 the ,secretary of ,defense shall submit a report or provide a briefing to the ,committee on ,armed ,services of the ,senate and the ,committee on ,armed ,services of the ,house of ,representatives on-- 7#a7 the status of the implementation of subsection 7a71 including specific dates by which the ,secretary expects to complete the implementation of such subsection2 and 7#b7 the steps being taken by the ,secretary to improve the financial condition of any project conducted under subchapter ,,iv of chapter #afi of title #aj1 ,united ,states ,code1 that is-- 7,a7 considered to be in financial distress2 or 7,b7 rated as unacceptable1 marginal1 below expectations1 well below expectations1 or on a watch list4