; and (iv) empowers the Director of the Defense Security Cooperation Agency, in coordination with the Under Secretary of Defense for Policy and the Under Secretary of Defense for Acquisition and Sustainment, to increase or decrease foreign military sales contracting capacity through the guidance updated under subsection (b). (b) Guidance (1) In general Not later than 180 days after the date of the enactment of this Act, the Secretary of Defense shall update, as necessary, Department of Defense guidance governing the execution of foreign military sales by the Department to ensure that such guidance— (A) incorporates the National Security Strategy and the National Defense Strategy; (B) is informed by the theater campaign plans and theater security cooperation strategies of the combatant commands; and (C) is disseminated to the security cooperation workforce and the defense acquisition workforce. (2) Elements The updated guidance required by paragraph (1) shall— (A) identify— (i) regional and country-level foreign defense capability-building priorities; and (ii) levels of urgency and desired timelines for achieving foreign capability-building objectives; and (B) provide guidance to the defense acquisition workforce regarding levels of resourcing, innovation, and risk tolerance that should be considered in meeting urgent needs. (c) Foreign Military Sales Continuous Process Improvement Board (1) Establishment The Secretary of Defense may establish a Foreign Military Sales Continuous Process Improvement Board (in this section referred to as the Board ) to serve as an enduring governance structure within the Department of Defense that reports to the Secretary on matters relating to the foreign military sales process so as to enhance accountability and continuous improvement within the Department, including the objectives of— (A) improving the understanding, among officials of the Department, of ally and partner requirements; (B) enabling efficient reviews for release of technology