Bill > HR8470

This bill establishes a public-private partnership technology investment pilot program within the Department of Defense (DoD) to accelerate the development of advanced technologies for national security. The program aims to promote the global superiority of the U.S. in critical technologies, accelerate the transition and deployment of these technologies into the Armed Forces, and support DoD investment through a loan guarantee. The Secretary of Defense will enter into a partnership with one or more independent, trusted private capital fund managers who have experience in technology development in the defense and commercial sectors. The private partners will invest equity in domestic small businesses or nontraditional businesses working on technologies that support the DoD's modernization goals, using only trusted capital sources. The Secretary will provide a loan guarantee of up to 80% of the principal capital amount to support these investments. The bill requires the Secretary to provide briefings to Congress on the implementation and outcomes of the pilot program.

Military Affairs and Security

https://www.congress.gov/bill/117th-congress/house-bill/8470/all-info