; (9) proposals to improve transportation in the United States exceed available funds; (10) the American people deserve to be informed about and consider possible solutions for the gridlock and disrepair they experience every day; and (11) Congress must have good information about potential projects for transportation modernization in order to make reasonable judgments about funding levels for transportation projects and research. 3. Annual reporting on missed opportunities (a) In general Chapter 3 of title 49, United States Code, is amended by adding at the end the following: 312. Annual reporting on missed opportunities (a) In general Not later than December 31 of each year, the Secretary of Transportation shall submit to Congress a report on missed opportunities for each competitive or discretionary grant program administered by the Department of Transportation in the preceding fiscal year. (b) Contents For each grant program described in subsection (a), the report shall detail the 10 individual applications, proposals, or requests for funding that— (1) were not funded or awarded, completely or partially; but (2) showed the greatest potential to improve transportation in the United States, according to the selection criteria and established goals of that grant program. (c) Reporting date flexibility If a law requires an annual report to Congress with respect to a grant program described in subsection (a), the report on missed opportunities required under this section for that program may— (1) be included in that annual report