1. Short title This Act may be cited as the Federal Agency Performance Act of 2023 . 2. Establishment of Strategic Reviews and Reporting (a) Strategic Reviews (1) In general Section 1121 of title 31, United States Code, is amended— (A) by striking the section heading and inserting Progress reviews and use of performance information ; and (B) by adding at the end the following: (c) Agency reviews of progress towards strategic goals and objectives (1) Covered Goal defined In this subsection, the term covered goal means a goal or objective established in the strategic plan of the agency under section 306(a) of title 5. (2) Review Not less frequently than annually and consistent with guidance issued by the Director of the Office of Management and Budget, the head and Chief Operating Officer of each agency, shall— (A) for each covered goal, review with the appropriate agency official responsible for the covered goal— (i) the progress achieved toward the covered goal— (I) during the most recent fiscal year; or (II) from recent sources of evidence available at the time of the review; and (ii) the likelihood that the agency will achieve the covered goal; (B) coordinate with relevant personnel within and outside the agency who contribute to the accomplishment of each covered goal; (C) assess progress toward each covered goal by reviewing performance information and other types of evidence relating to each covered goal, such as program evaluations and statistical data; (D) identify whether additional evidence is necessary to better assess progress toward each covered goal, and prioritize the development of the evidence described in subparagraph (C), such as through the plans required under section 312 of title 5, if applicable; (E) assess whether relevant organizations, program activities, regulations, policies, and other activities contribute as planned to each covered goal; (F) as appropriate, leverage the assessment performed under subparagraph (E) as part of the portfolio reviews required under section 503(c)(1)(G)