((a))

((1)) ** .—** Subject to subsection (b), the Commandant shall notify the appropriate committees of Congress and the Coast Guard Office of Congressional and Governmental Affairs not later than 3 full business days in advance of the Coast Guard—

((A)) making or awarding a grant allocation or grant in excess of $1,000,000;

((B)) making or awarding a contract, other transaction agreement, or task or delivery order for the Coast Guard on the multiple award contract, or issuing a letter of intent totaling more than $4,000,000;

((C)) awarding a task or delivery order requiring an obligation of funds in an amount greater than $10,000,000 from multi-year Coast Guard funds;

((D)) making a sole-source grant award; or

((E)) announcing publicly the intention to make or award an item described in subparagraph (A), (B), (C), or (D), including a contract covered by the Federal Acquisition Regulation.

((2)) ** .—** A notification under this subsection shall include—

((A)) the amount of the award;

((B)) the fiscal year for which the funds for the award were appropriated;

((C)) the type of contract;

((D)) an identification of the entity awarded the contract, such as the name and location of the entity; and

((E)) the account from which the funds are to be drawn.

((b)) ** .—** If the Commandant determines that compliance with subsection (a) would pose a substantial risk to human life, health, or safety, the Commandant—

((1)) may make an award or issue a letter described in such subsection without the notification required under such subsection; and

((2)) shall notify the appropriate committees of Congress not later than 5 full business days after such an award is made or letter issued.

((c)) ** .—** Subsection (a) shall not apply to funds that are not available for obligation.

((d)) ** .—** In this section, the term “appropriate committees of Congress” means—

((1)) the Committee on Commerce, Science, and Transportation and the Committee on Appropriations of the Senate; and

((2)) the Committee on Transportation and Infrastructure and the Committee on Appropriations of the House of Representatives.