Sec. 862. Pilot program on strengthening manufacturing in defense industrial base
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The Secretary of Defense shall carry out a pilot program to assess the feasibility and advisability of increasing the capability of the defense industrial base to support— production needs to meet military requirements; and manufacturing and production of emerging defense and commercial technologies of military value. The Secretary shall carry out the pilot program under the following: The Defense Production Act of 1950 ( 50 U.S.C. 4501 et seq.). Chapters 137 and 139 and sections 2371, 2371b, and 2373 of title 10, United States Code.
Such other legal authorities as the Secretary considers applicable to carrying out the pilot program. Activities under the pilot program may include the following: Use of contracts, grants, or other transaction authorities to support manufacturing and production capabilities in small and medium sized manufacturers. Purchases of quantities of goods or equipment for testing and qualification purposes. Purchase commitments to create incentives for industry to develop manufacturing and production capabilities of interest to national security, including cost sharing with funding from nongovernmental sources.
Issuing loans directly to small and medium sized enterprises to support manufacturing and production capabilities. Guaranteeing loans to enable small and medium sized manufacturers to obtain private sector loans to support manufacturing and production capabilities in areas of national security interest. Giving awards to third party entities to support investments in small and medium sized manufacturers working in areas of national security interest, including activities to support debt and equity investments that would benefit missions of the Department of Defense.
Such other activities as the Secretary determines necessary. The pilot program shall terminate on the date that is five years after the date of the enactment of this Act.
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Sec. 862
Pilot program on strengthening manufacturing in defense industrial base
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