Bill > S4588

This bill establishes a public-private partnership technology investment pilot program within the Department of Defense. The program aims to promote the global superiority of the United States in advanced technologies important for national security, accelerate the transition and deployment of these technologies into the Armed Forces, and support Department investment through loan guarantees. The Secretary of Defense will enter into a partnership with independent, private-sector entities with experience in technology development and access to classified information. These partners will invest in domestic small businesses or nontraditional businesses developing the necessary technology, using only trusted capital sources. The Secretary will provide loan guarantees for up to 80% of the principal capital amount raised by the partners to support these investments. The bill also requires the Secretary to provide briefings to the congressional defense committees on the implementation and outcomes of the pilot program.

Military Affairs and Security

https://www.congress.gov/bill/117th-congress/senate-bill/4588/all-info