Bill > S1463

This bill establishes a Defense Industrial Base Advanced Capabilities Pilot Program to be carried out by the Under Secretary of Defense for Acquisition and Sustainment. The program aims to bolster the defense industrial base, strengthen domestic supply chain resilience, and leverage private equity capital to accelerate the scaling, production, and acquisition of advanced capabilities for national security. The bill outlines a two-phase implementation process, where the initial pilot program will be expanded in the second phase if deemed feasible and advisable. The program will involve public-private partnerships with independent, domestic private equity fund managers who have experience in the defense and commercial sectors and are eligible to access classified information. The partnerships will invest equity in domestic small businesses or nontraditional businesses, and the Under Secretary will provide up to an 80% loan guarantee for these investments.

Military Affairs and Security

https://www.congress.gov/bill/118th-congress/senate-bill/1463/all-info