This act revises requirements for strategic reviews of federal agencies' performance goals. With respect to such strategic reviews, not less frequently than annually and consistent with guidance issued by the Office of Management and Budget, each agency must take specified actions, including for each goal or objective established in the agency's strategic plan, review the progress achieved toward the goal and the likelihood that the agency will achieve the goal;identify any risks or impediments that would decrease the likelihood that the agency will achieve the goal; andfor each goal at greatest risk of not being achieved, identify prospects and strategies for performance improvement.Additionally, the act requires that federal government priority goals (1) be updated and revised not less frequently than during the first year of each presidential term, (2) include plans for the successful achievement of each goal within each single presidential term, and (3) explicitly cite to any specific contents of the budget that support the achievement of each goal. The Government Accountability Office must report to Congress on the effectiveness of this act.