Directs the Secretary of Defense to submit to the congressional defense and appropriations committees a detailed outline of, and accounting under the discretionary spending limit for: (1) the efficiencies relating to Department of Defense (DOD) contracting for goods and services, and (2) the DOD budget initiate.
Authorizes the Secretary to transfer amounts made available by a continuing resolution among DOD accounts. Prohibits the amount transferred to any account from exceeding that authorized for such account by the National Defense Authorization Act for Fiscal Year 2013.
Makes such transfer authority inapplicable in the event a regular appropriations Act for DOD is enacted for FY2013.
Requires 15 days' advance notification to such committees prior to any such transfer.