Bill > S1791

This bill, the China Defense Spending Transparency Act, requires the Director of the Defense Intelligence Agency to conduct a comparative study on the defense budgets of the People's Republic of China and the United States. The study must employ a robust methodology that does not rely on official pronouncements from China, accounts for military-civil fusion in China, and uses the building block method or a similar approach. The goal is to provide the American people with an accurate comparison of defense spending between the two countries. The study must examine various spending categories, consider purchasing power parity and exchange rates, estimate omitted spending, and exclude veterans' benefits other than military pensions. The study may also consider the effects of state-owned enterprises and differences in acquisition policies between the two countries. The final report must be submitted in unclassified form, with a classified annex if necessary.

Military Affairs and Security

https://www.congress.gov/bill/118th-congress/senate-bill/1791/all-info