DOD Entrepreneurial Innovation Act

Hozzl · 2023-12-15T15:53:27Z

Explore the details of House Bill 273 DOD Entrepreneurial Innovation Act 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.

12/15/2023, 3:53 PM

Summary of Bill HR 273

The DOD Entrepreneurial Innovation Act, also known as Bill 118 hr 273, is a piece of legislation introduced in the United States Congress. The purpose of this bill is to encourage innovation and entrepreneurship within the Department of Defense (DOD).

The main provisions of the bill include the establishment of a pilot program within the DOD that would allow for the creation of innovation hubs. These hubs would serve as spaces for collaboration between DOD personnel, private sector companies, and academic institutions to develop new technologies and solutions for national security challenges.

Additionally, the bill aims to streamline the process for DOD personnel to work with outside entities on innovative projects. This includes providing flexibility in contracting procedures and allowing for the use of alternative funding mechanisms such as prize competitions and grants. Overall, the DOD Entrepreneurial Innovation Act seeks to harness the creativity and expertise of a diverse range of stakeholders to drive innovation within the Department of Defense. By fostering a culture of entrepreneurship and collaboration, the bill aims to ensure that the US military remains at the forefront of technological advancements and national security capabilities.

Congressional Summary of HR 273

DOD Entrepreneurial Innovation Act

This bill requires each military department to annually designate at least five eligible programs as Entrepreneurial Innovation Projects. Eligible programs are certain projects currently pursuing commercialization objectives that initially received funding for research and development through the Small Business Innovation Research Program or Small Business Technology Transfer Program. Once designated, programs must be included in future budgets and plans of the Department of Defense.

Each military department must establish an advisory panel to identify and recommend eligible programs for designation.

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Current Status of Bill HR 273

Bill HR 273 is currently in the status of Bill Introduced since January 11, 2023. Bill HR 273 was introduced during Congress 118 and was introduced to the House on January 11, 2023. Bill HR 273's most recent activity was Referred to the House Committee on Armed Services. as of January 11, 2023

Bipartisan Support of Bill HR 273

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Policy Area and Potential Impact of Bill HR 273

Primary Policy Focus

Armed Forces and National Security

Alternate Title(s) of Bill HR 273

DOD Entrepreneurial Innovation Act

To amend chapter 303 of title 10, United States Code, to require the Secretary of each military department to identify promising research programs of the Small Business Innovation Research Program or Small Business Technology Transfer Program for inclusion in the future budgets and plans of the Department of Defense, and for other purposes.