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Bill > S5555
US S5555
US S5555A bill to provide authority to use Defense Modernization Account funds for time-sensitive equipment modernization.
summary
Introduced
12/17/2024
12/17/2024
In Committee
12/17/2024
12/17/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to provide authority to use Defense Modernization Account funds for time-sensitive equipment modernization.
AI Summary
This bill provides new authority for using funds from the Defense Modernization Account (DMA), a special account within the Department of Defense, to address urgent military technology and infrastructure needs. Specifically, the bill amends existing law to allow DMA funds to be used for two new purposes: first, to procure and integrate available commercial technologies and services that can quickly satisfy urgent or emergent joint operational needs or validated service requirements, and second, to provide infrastructure that supports the Department of Defense's goals of accelerating the adoption of new capabilities. The bill limits these new funding uses to funds that are made available and transferred to the Defense Modernization Account on or after the date the bill is enacted. This change is designed to give military leaders more flexibility in rapidly acquiring and implementing cutting-edge technologies and supporting infrastructure to maintain technological superiority and operational readiness.
Committee Categories
Military Affairs and Security
Sponsors (1)
Last Action
Read twice and referred to the Committee on Armed Services. (on 12/17/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/5555/all-info |
| BillText | https://www.congress.gov/118/bills/s5555/BILLS-118s5555is.pdf |
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