On the surface this seems like a new bill giving Congress the authority to oversee the entire military. I always thought that was the job of the President, who is also known in the military world as Commander and Chief. Is Congress trying to take some of that authority away? My first thought about this bill was, what would happen if one law led to the next, and the next, and the next. Then one day someone does launch a missile at the US? Would Congress call an emergency meeting, write up a new bill, debate it for weeks, then vote?
On the other hand, we do need someone to oversee military spending. Long before the Revolutionary War, people have made a living stealing from the military. I would bet my last dollar that is still happening today. To what extent, we may never find out. We do need watch dogs to monitor the situation and deal with those thieves. We have enough laws on the books to cover that situation.
The military works on a sort of ladder system referred to as rank. Those closest to the President are the highest ranking officers. They have to be trusted. Below them are armies, brigades, divisions, so on and so forth. Each phase has someone in charge responsible for overseeing every detail. Why would we need people from Congress with no particle experience looking over their shoulders? It sounds like another excuse for Congress to appoint a new committee, hire new relatives and friends to do basically nothing but collect a check paid for by of course, our tax dollars.