PUBLIC LAW 107-314—DEC. 2, 2002 116 STAT. 2501 and development between the Department of Defense and other departments and agencies of the United States that are involved in nanoscale research and development. (3) To develop and manage a portfolio of fundamental and applied nanoscience and engineering research initiatives that is stable, consistent, and balanced across scientific disciplines. (4) To accelerate the transition and deplo3anent of technologies and concepts derived from nanoscale research and development into the Armed Forces, and to establish policies, procedures, and standards for measuring the success of such efforts. (5) To collect, synthesize, and disseminate critical information on nanoscale research and development. (c) ADMINISTRATION.— In carrying out the program, the Secretary shall act through the Director of Defense Research and Engineering, who shall supervise the planning, management, and coordination of the program. The Director, in consultation with the Secretaries of the military departments and the heads of participating Defense Agencies and other departments and agencies of the United States, shall— (1) prescribe a set of long-term challenges and a set of specific technical goals for the program; (2) develop a coordinated and integrated research and investment plan for meeting the long-term challenges and achieving the specific technical goals that builds upon the Department's increased investment in nanotechnology research and development and the National Nanotechnology Initiative; and (3) develop memoranda of agreement, joint funding agreements, and other cooperative arrangements necessary for meeting the long-term challenges and achieving the specific technical goals. (d) ANNUAL REPORT. — Not later than March 1 of each of 2004, DeadHne. 2005, 2006, and 2007, the Director of Defense Research and Engineering shall submit to the congressional defense committees a report on the program. The report shall contain the following matters: (1) A review of— (A) the long-term challenges and specific technical goals of the program; and (B) the progress made toward meeting those challenges and achieving those goals. (2) An assessment of current and proposed funding levels, including the adequacy of such funding levels to support program activities. (3) A review of the coordination of activities within the Department of Defense, with other departments and agencies, and with the National Nanotechnology Initiative. (4) An assessment of the extent to which effective technology transition paths have been established as a result of activities under the program. (5) Recommendations for additional program activities to meet emerging national security requirements.