; and (2) any circumstance in which any limitation on the transfer or reprogramming of funds affected the ability of the Secretary to address such unforeseen costs. . (b) Clerical amendment The table of contents in section 1(b) of such Act is further amended by adding at the end of the items relating to title VII the following new item: 712. Annual submittal to Congress of information on reprogramming or transfers of funds to respond to operational surges. . 116. Report to Congress on cost savings and efficiency (a) In general Not later than two years after the date of the enactment of this Act, the Secretary of Homeland Security, acting through the Under Secretary of Homeland Security for Management, shall submit to the congressional homeland security committees a report that includes each of the following: (1) A detailed accounting of the management and administrative expenditures and activities of each component of the Department of Homeland Security and identifies potential cost savings, avoidances, and efficiencies for those expenditures and activities. (2) An examination of major physical assets of the Department, as defined by the Secretary