Intelligence Transformation Act of 2004

Intelligence Transformation Act of 2004 - Amends the National Security Act of 1947 to establish the Office of the Director of National Intelligence (Director), to be composed of: (1) the Director and Deputy Director of National Intelligence; (2) the Deputy Director of National Intelligence for Operations; (3) the Deputy Director of National Intelligence for Resources; (4) the National Intelligence Council (Council); (5) the General Counsel to the Director; (6) the Inspector General of the Intelligence Community; (7) the Senior Advisor to the Director of National Intelligence for Homeland Security; and (8) such other offices and officials as may be established or designated. Establishes within the Council the National Intelligence Council Alternative Analysis Unit for challenging the accuracy of Council intelligence estimates. Includes among the Director's responsibilities: (1) providing national intelligence to the President, the heads of Federal departments and agencies, the Chairman of the Joint Chiefs of Staff and senior military commanders, and, where appropriate, Congress; (2) developing an annual budget for intelligence and intelligence-related activities; (3) establishing requirements and priorities to govern the collection of national intelligence by elements of the intelligence community (IC); and (4) protecting intelligence sources and methods from unauthorized disclosure.

Recodifies provisions establishing the Central Intelligence Agency (CIA), designating as its lead official the Director of the Central Intelligence Agency (CIA Director) (currently, the Director of Central Intelligence), and removing provisions which established specified CIA deputy and assistant director positions. Prohibits an individual from serving simultaneously as Director of National Intelligence and CIA Director.

Establishes: (1) a Joint Tasking Organization to assist in the tasking of collection, analysis, and dissemination of all elements of the IC under the National Foreign Intelligence Program; (2) the Weapons of Mass Destruction Proliferation Threat Integration Center to provide integrated tasking of collection and analysis of national intelligence relating to weapons of mass destruction that threaten U.S. national security; and (3) a Joint Intelligence Comptroller to prepare and execute that part of the defense budget relating to IC elements and their intelligence programs.

Requires the: (1) President to establish and implement policies and procedures governing access to, and use of, specified database information by IC officers and employees and Federal law enforcement personnel; (2) Director to establish all-source analysis training programs for all IC analysts; and (3) Director and Secretary of Defense to develop an integrated communications network that provides communications capabilities to all IC elements.

Establishes a Joint Acquisition Office for the oversight of acquisition programs of specified IC agencies.

Outlines Director authority with respect to IC personnel, including the management of IC specialists.

Provides a ten-year term for the CIA Director.