PUBLIC LAW 104-293—OCT. 11, 1996 110 STAT. 3475 "(A) The Director of Central Intelligence. "(B) The Secretary of State. "(C) The Secretary of Defense. "(D) The Assistant to the President for National Security Affairs, who shall serve as the chairperson of the Committee. "(E) Such other members as the President may designate. "(3) The function of the Committee shall be to assist the Council in its activities by— "(A) identifying the intelligence required to address the national security interests of the United States as specified by the President; "(B) establishing priorities (including funding priorities) among the programs, projects, and activities that address such interests and requirements; and "(C) establishing policies relating to the conduct of intelligence activities of the United States, including appropriate roles and missions for the elements of the intelligence community and appropriate targets of intelligence collection activities. "(4) In carrying out its function, the Committee shall— "(A) conduct an annual review of the national security interests of the United States; "(B) identify on an annual basis, and at such other times as the Council may require, the intelligence required to meet such interests and establish an order of priority for the collection and analysis of such intelligence; and "(C) conduct an annual review of the elements of the intelligence community in order to determine the success of such elements in collecting, analyzing, and disseminating the intelligence identified under subparagraph (B). "(5) The Committee shall submit each year to the Council and to the Director of Central Intelligence a comprehensive report on its activities during the preceding year, including its activities under paragraphs (3) and (4).". SEC. 803. ANNUAL REPORTS ON INTELLIGENCE. (a) IN GENERAL.— Section 109 of the National Security Act of 1947 (50 U.S.C. 404d) is amended by striking out subsections (a) and (b) and inserting in lieu thereof the following new subsections: "SEC. 109. (a) IN GENERAL. —(1) Not later than January 31 President. each year, the President shall submit to the appropriate congressional committees a report on the requirements of the United States for intelligence and the activities of the intelligence community. "(2) The purpose of the report is to facilitate an assessment of the activities of the intelligence community during the preceding fiscal year and to assist in the development of a mission and a budget for the intelligence community for the fiscal year beginning in the year in which the report is submitted. "(3) The report shall be submitted in unclassified form, but may include a classified sinnex. "(b) MATTERS COVERED.—(1) Each report under subsection (a) shall— "(A) specify the intelligence required to meet the national security interests of the United States, and set forth an order of priority for the collection and smalysis of intelligence required to meet such interests, for the fiscal year beginning in the year in which the report is submitted; and
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