Assessment of Inventory and Control of Department of Defense Military Equipment

On October 5, 1999, Congress passed Public Law 106-65, National Defense Authorization Act for Fiscal Year 2000, Section 363, Report on Inventory and Control of Military Equipment. The law required the Secretary of Defense to submit a one-time report, by Military Department, addressing the inventory and control of military equipment. The Committees on Armed Services of the Senate and the House of Representatives were to receive the reports by August 31, 2000. The report was to address the military equipment status as of the end of fiscal year 1999. Public Law 106-65 required the Inspector General, Department of Defense, to review the report submitted to the committees and submit any comments considered appropriate by November 30, 2000. DoD actually issued the report on March 6, 2001, based on reporting for FY 2000 instead of FY 1999. The report identified 643,254 military equipment assets. These assets have an estimated value of about 700 billion.