; and (C) the creditworthiness of an investment. (2) Notice and wait requirement The criteria established under paragraph (1) shall not apply until— (A) the Secretary of Defense submits the criteria to the congressional defense committees; and (B) a period of 30 days has elapsed after such submission. (f) Notification Not less than 30 days before exercising the authority provided by section 834 of the National Defense Authorization Act for Fiscal Year 2024, the Director, in coordination with the Under Secretary of Defense for Acquisition and Sustainment and the Under Secretary of Defense for Research and Engineering, shall notify the congressional defense committees of the purpose and terms of any capital assistance proposed to be provided under that section. Such notification may be made in classified form, if necessary. (g) Strategic Capital Advisory Board The Secretary of Defense shall establish a Strategic Capital Advisory Board to advise the Director with respect to activities carried out under this section. (h) Regulations The Secretary shall prescribe such regulations as are necessary to carry out this section, including regulations to ensure internal and external coordination to avoid duplication of effort, reduce inefficiency, and ensure policy coherence across the Department. (i) Effective date The authorities made available under this section may not be exercised until the date that is 30 days after the regulations required by subsection (i) have been— (1) prescribed and adopted by the Department; and (2) submitted to the congressional defense committees. (j) Annual report Not later than December 31 of each ye ar, the Director shall submit to the congressional defense committees a report that— (1) describes the activities of the Office during the most recent fiscal year ending before submission of the report, including— (A) an identification of entities that received capital assistance from the Office during that fiscal year