; (B) had a reasonable cost estimate established; and (C) had a system configuration defined fully; or (2) the program does not meet the definition of capital asset , as defined by the Director of the Office of Management and Budget. (c) Congressional oversight At the same time the President’s budget is submitted for a fiscal year under section 1105(a) of title 31, United States Code, the Secretary shall submit to the Committee on Homeland Security of the House of Representatives and Committee on Homeland Security and Governmental Affairs of the Senate information on the exercise of authority under subsection (b) in the prior fiscal year that includes the following specific information regarding each program for which a waiver is issued under subsection (b): (1) The grounds for granting a waiver for that program. (2) The projected cost of that program. (3) The proportion of a component’s annual acquisition budget attributed to that program, as available. (4) Information on the significance of the program with respect to the component’s operations and execution of its mission. . (b) Clerical amendment The table of contents in section 1(b) of the Homeland Security Act of 2002 is amended by inserting after the item relating to section 709 the following new items: Sec. 713. Acquisition authorities for Program Accountability and Risk Management. Sec. 714. Acquisition documentation. . B Acquisition Program Management Discipline 221. Acquisition Review Board (a) In general Subtitle D of title VIII of the Homeland Security Act of 2002 ( 6 U.S.C. 391 et seq.) is amended by adding at the end the following new section: 836. Acquisition Review Board (a) In general The Secretary shall establish an Acquisition Review Board (in this section referred to as the Board ) to— (1) strengthen accountability and uniformity within the Department acquisition review process; (2) review major acquisition programs