Senate Bill 4588
117th Congress(2021-2022)
Investing in American Defense Technologies Act of 2022
Introduced
Introduced in Senate on Jul 21, 2022
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4588
Congress
117
Policy Area
Armed Forces and National Security
Armed Forces and National Security
Primary focus of measure is military operations and spending, facilities, procurement and weapons, personnel, intelligence; strategic materials; war and emergency powers; veterans’ issues. Measures concerning alliances and collective security, arms sales and military assistance, or arms control may fall under International Affairs policy area.
No Senate votes have been held for this bill.
Summary
Investing in American Defense Technologies Act of 2022
This bill requires the Department of Defense (DOD) to implement a five-year pilot program to accelerate the development of advanced technology for national security by creating incentives for trusted private capital to invest in domestic small businesses or nontraditional businesses that are developing technology that DOD considers necessary to support the modernization of DOD and national security priorities. DOD must brief Congress on the implementation and outcomes of the pilot program.
July 21, 2022
Sort by most recent
07/21/2022
Read twice and referred to the Committee on Armed Services.
07/21/2022
Introduced in Senate
Public Record
Record Updated
Aug 10, 2023 10:15:22 PM