This legislation requires the Secretary of State to prepare and submit a comprehensive report to appropriate Congressional committees. This report, due within 10 days of the President's annual budget submission, must detail the unfunded priorities of the Department of State. Each identified unfunded priority must include a summary description, the objectives it aims to achieve, the additional funding required, and specific budget information such as the appropriation account and project details. The bill defines an unfunded priority as a program or activity not funded in the President's budget but deemed necessary for foreign policy or national security objectives, or one that emerged after budget formulation. The report must also present these priorities in overall order of urgency.