1. Short title This Act may be cited as the Acquisition Reform and Cost Assessment Act of 2023 or ARCA Act of 2023 . 2. Department of Veterans Affairs acquisition review, cost assessment, and program evaluation (a) In general Chapter 81 of title 38, United States Code, is amended by inserting after subchapter VI the following new subchapter: VII Acquisition review, cost assessment, and program evaluation 8181. Definitions In this subchapter: (1) The term major acquisition program means a program of the Department to acquire property, assets, supplies, services, or a combination thereof, with an estimated life-cycle cost of $250,000,000 or more, as determined by the Secretary. (2) The term non-major acquisition program means a program of the Department to acquire property, assets, supplies, services, or a combination thereof, with an estimated life-cycle cost of less than $250,000,000, as determined by the Secretary. 8182. Acquisition Review Board (a) In general There is established in the Department a board, to be known as the Acquisition Review Board , to support the Secretary in managing acquisition programs under the laws administered by the Secretary. (b) Composition (1) The Deputy Secretary of Veterans Affairs shall serve as Chair of the Acquisition Review Board. (2) The Deputy Secretary may designate an employee of the Department to oversee the operations of the Acquisition Review Board. (3) The Deputy Secretary shall ensure participation by other relevant Department officials with responsibilities relating to acquisitions as permanent members of the Acquisition Review Board, including the following: (A) The Chief Acquisition Officer. (B) The Chief Financial Officer. (C) The Chief Veterans Experience Officer. (D) The Chief Information Officer. (E) The Assistant Secretary for Enterprise Integration. (F) Other relevant senior Department officials, as the Deputy Secretary determines appropriate, including such officials from the Veterans Health Administration, the Veterans Benefits Administration, and the