DHS Acquisition Documentation Integrity Act of 2016

[AI summary unavailable — showing source text] DHS Acquisition Documentation Integrity Act of 2016 This bill amends the Homeland Security Act of 2002 to direct the Department of Homeland Security (DHS) to require the head of a relevant component or office to: maintain acquisition documentation that is complete, accurate, timely, and valid and that includes operational requirements that are validated consistent with DHS policy, a complete lifecycle cost estimate, verification of such estimate against independent cost estimates, a cost-benefit analysis, and a schedule; prepare cost estimates and schedules for major acquisition programs in a manner consistent with best practices as identified by the Government Accountability Office; and submit certain acquisition documentation to DHS to produce an annual comprehensive report on the status of DHS acquisitions for submission to Congress. DHS may waive such submission requirement for a fiscal year if the program: (1) has not entered the full rate production phase in the acquisition lifecycle, had a reasonable cost estimate established, and had a system configuration defined fully; or (2) does not meet the definition of capital asset, as defined by the Office of Management and Budget.…