reasonably meet the objectives of such designated program in the relevant programming proposal referred to in subsection (d)(2) or such objectives are irrelevant, such Secretary concerned may revoke the designation. (g) Report to congress The Secretary of Defense shall submit to Congress an annual report describing each designated program and the progress each designated program has made toward achieving the objectives of the designated program. (h) Definitions In this section: (1) Advisory panel The term advisory panel means an advisory panel established under subsection (e)(1). (2) Designated program The term designated program means an eligible program that has been designated as an Entrepreneurial Innovation Project under this section. (3) Eligible program The term eligible program means work performed pursuant to a Phase III agreement (as such term is defined in section 9(r)(2) of the Small Business Act ( 15 U.S.C. 638(r)(2) )). . (2) Clerical amendment The table of sections at the beginning of chapter 303 of title 10, United States Code, is amended by striking the item relating to section 4063 and inserting after the item relating to section 4062 the following new item: 4063. Entrepreneurial Innovation Project designations. . (b) Establishment deadline Not later than 120 days after the date of the enactment of this Act, the Secretaries of each military department shall establish the advisory panels described in section 4063(e) of title 10, United States Code, as added by subsection (a).