; (5) by amending subsection (d) to read as follows: (d) Covered procurement action reporting All covered procurement actions shall be reported to the Under Secretary of Defense for Acquisition and Sustainment and reported in the Federal Awardee Performance and Integrity Information System (FAPIIS) or other formal systems or record. Exclusions shall also be reported in the System for Award Management (SAM). ; (6) by amending subsection (e) to read as follows: (e) Annual review The Secretary of Defense, in coordination with the Director of National Intelligence and the Secretary of State, shall, on an annual basis, review the lists of persons and entities having been subject to a covered procurement action under subsection (b)(2) to determine whether or not such persons and entities continue to warrant use of the covered procurement action. ; (7) by amending subsection (f) to read as follows: (f) Waiver The Secretary of Defense, in conjunction with the Secretary of State, may grant a waiver for actions taken under subsection (b) if it is in the best interest of national security. ; (8) by amending subsection (g) to read as follows: (g) Delegation of authority The authority provided by subsection (b) to make a determination to use a covered procurement action, in whole or in part, may not be delegated below the level of head of contracting activity, or equivalent official for purposes of grants or cooperative agreements. ; (9) by amending subsection (h) to read as follows: (h) Updating regulations The Federal Acquisition Regulation and the Defense Federal Acquisition Regulation Supplement shall be revised to implement the provisions of this subtitle. ; (10) in subsection (i)— (A) in paragraph (1)— (i) by striking Director of the Office of Management and Budget and inserting Secretary of Defense ; (ii) by striking appropriate committees of Congress and inserting congressional defense committees