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Investing in American Defense Technologies Act of 2022

3/13/2024, 3:01 AM

Congressional Summary of S 4588

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.

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Current Status of Bill S 4588

Bill S 4588 is currently in the status of Bill Introduced since July 21, 2022. Bill S 4588 was introduced during Congress 117 and was introduced to the Senate on July 21, 2022.  Bill S 4588's most recent activity was Read twice and referred to the Committee on Armed Services. as of July 21, 2022

Bipartisan Support of Bill S 4588

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4588

Primary Policy Focus

Armed Forces and National Security

Alternate Title(s) of Bill S 4588

Investing in American Defense Technologies Act of 2022
Investing in American Defense Technologies Act of 2022
A bill to establish a public-private partnership technology investment pilot program.

Comments

Sponsors and Cosponsors of S 4588

Jacky Rosen
Jacky Rosen
NevadaDemocrat
Marsha Blackburn
Marsha Blackburn
TennesseeRepublican

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