Investing in American Defense Technologies Act of 2022

Senate Bill 4588 - Investing in American Defense Technologies Act of 2022: Overview, Status, and Impact

Hozzl · 2024-03-13T03:01:31Z

Explore the details of Senate Bill 4588 Investing in American Defense Technologies Act of 2022 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Armed Forces and National Security. Stay informed on legislative developments.

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