Sec. 801. Policy recommendations for implementation of Executive Order 13806 (Assessing and Strengthening the Manufacturing and Defense Industrial Base and Supply Chain Resiliency)
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In order to fully implement the July 21, 2017, Presidential Executive Order on Assessing and Strengthening the Manufacturing and Defense Industrial Base and Supply Chain Resiliency of the United States, not later than 540 days after the date of the enactment of this Act, the Under Secretary of Defense for Acquisition and Sustainment shall submit to the Secretary of Defense a series of recommendations regarding United States industrial policies. The recommendations shall consist of specific executive actions, programmatic changes, regulatory changes, and legislative proposals and changes, as appropriate.
In developing the recommendations required under subsection (a), the Under Secretary shall assess— direct subsidies and investment in the economy; direct provision of credit and purchases of private sector bonds and equity; prize-based technology challenges for critical research and development milestones; capital controls and dollar policy; trade policy, including export control policy, government acquisition policy, and targeted protectionist policies; export promotion policies; foreign talent attraction and retention; graduate education policy; and expansion of existing or establishment of new public-private partnerships, including the Trusted Capital Marketplace.
The recommendations made pursuant to subsection
(a)shall aim to— facilitate only high-value design, engineering, and manufacturing activities; expand the defense industrial base to include friendly and capable allies and partners; preserve the viability of domestic and international suppliers; include export and productivity incentives; accord with standing international trade law; and strengthen the domestic national security industrial base, especially in areas currently dependent on foreign suppliers. In assessing the areas specified in subsection
(b)and developing the recommendations required under subsection (a), the Under Secretary shall consult or inaugurate studies with, as appropriate, the Joint Industrial Base Working Group, the Defense Science Board, the Defense Innovation Board, economists, commercial industry, and federally funded research and development centers. Not later than 30 days after receiving the recommendations under subsection (a), the Secretary of Defense shall submit the recommendations, together with any additional views or recommendations, to the President, the Office of Management and Budget, the National Security Council, and the National Economic Council. Not later than 30 days after submitting the recommendations to the President under section (e), the Secretary of Defense shall submit the recommendations to and brief the congressional defense committees on the recommendations.