((a)) ** .—** Not later than 60 days after the date on which the President submits to Congress a budget pursuant to , the Commandant shall submit to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Commerce, Science, and Transportation of the Senate a capital investment plan for the Coast Guard that identifies for each capital asset for which appropriations are proposed in that budget—

((1)) the proposed appropriations included in the budget;

((2)) the total estimated cost of completion based on the proposed appropriations included in the budget;

((3)) projected funding levels for each fiscal year for the next 5 fiscal years or until project completion, whichever is earlier;

((4)) an estimated completion date based on the proposed appropriations included in the budget;

((5)) an acquisition program baseline, as applicable; and

((6)) projected commissioning and decommissioning dates for each asset.

((b)) ** .—** In the fiscal year following each fiscal year for which appropriations are enacted for a new capital asset, the report submitted under subsection (a) shall include—

((1)) an estimated life-cycle cost estimate for the new capital asset;

((2)) an assessment of the impact the new capital asset will have on—

((A)) delivery dates for each capital asset;

((B)) estimated completion dates for each capital asset;

((C)) the total estimated cost to complete each capital asset; and

((D)) other planned construction or improvement projects; and

((3)) recommended funding levels for each capital asset necessary to meet the estimated completion dates and total estimated costs included in the such  asset’s approved acquisition program baseline.

((c)) ** .—** In this section, the term “new capital asset” means—

((1)) an acquisition program that does not have an approved acquisition program baseline; or

((2)) the acquisition of a capital asset in excess of the number included in the approved acquisition program baseline.