The Secretary of Defense shall report to the Congress and the President—

1. (1) in January of each year, the actions taken under this chapter during the preceding 12 months; and
2. (2) not later than 90 days after completion of each transfer under this chapter, a full account of that transfer.

(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1288.)