; (C) the annual costs related to the development and operation of data centers at each agency, including any cost related to implementing the strategic plan described in paragraph (1); and (D) the annual savings related to implementing the strategic plan. (b) Software asset management Not later than 6 months after the date of the enactment of this Act, the chief information officer of a covered entity shall inventory software applications used in the information technology systems of the covered entity. With respect to each application, the inventory shall include the following: (1) Name. (2) Description. (3) Type. (4) Owner. (5) Support function. (c) Compliance (1) In general Notwithstanding any other provision of law, including section 5318 of title 5, United States Code, any chief information officer of an agency that does not meet the requirements under subsection (a)(1), (a)(2), or (b) may not receive an increase in the rate of pay until such requirements are met. (2) Enforcement The head of the applicable agency shall ensure that the chief information officer described in paragraph (1) meets the provisions under this subsection. 3. Transfer of copies of Federal records (a) Transfer (1) In general The head of each agency, in coordination with the Archivist of the United States, shall, to the extent practicable and in accordance with this section— (A) create copies of all records controlled by the agency; and (B) transfer such copies to a records center maintained and operated by the Archivist. (2) Standards and guidelines Not later than September 30, 2020, the Archivist shall— (A) develop standards for the heads of each agency to create copies of records under paragraph (1)(A), including standards with respect to determining whether the record from which the copy was created is inactive, temporary, or permanent; (B) develop guidelines for the heads of each agency to— (i) store metadata with respect to copies of records under paragraph (1)(A); and (ii) transfer such copies pursuant to paragraph (1)(B)