Bill > S2194

This bill establishes the Intelligence Community Technology Bridge Fund, a new financial mechanism designed to help innovative businesses and nonprofit organizations transition technology from research and development into prototype or production phases. The fund will be administered by the Director of National Intelligence and can provide assistance through grants, product payments, or equity investments. To be eligible, organizations must already have a contract with an intelligence community element and demonstrate that their product or service addresses a specific mission need or fills a technological gap. The bill prioritizes small businesses and nontraditional defense contractors, limiting fund access to these types of organizations. The fund will be capped at $75 million annually, with the Director required to submit annual reports to congressional intelligence committees detailing expenditures, impacts, and transition activities. The legislation aims to accelerate technological innovation within the intelligence community by providing targeted financial support to promising research and development efforts, potentially expanding the range of technological capabilities available to government agencies.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/senate-bill/2194/all-info