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Code · BILL · 118th Congress · H.R. 2670 (Reported in House) — To authorize appropriations for fiscal year 2024 for military activities of the Department of Defense and for militar... · Sec. 1315

Sec. 1315. Independent study on defense budget of People’s Republic of China

316 words·~1 min read·/bill/118/hr/2670/rh/section-1315·

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Not later than 60 days after the date of the enactment of this Act, the Secretary of Defense shall seek to enter into an agreement with an entity independent of the Department of Defense under which such entity shall conduct a study of the defense budget of the People’s Republic of China. The independent study conducted under subsection
(a)shall include an estimate, based on open-source intelligence, of the amount of defense spending of the People’s Republic of China. Such estimate shall— be generated in a methodologically sound way that— avoids reliance on the aggregate spending amounts announced annually by the People’s Republic of China; and employs the most accurate available purchasing power parity exchange rates; be presented in a form that may be compared against the defense spending of the United States; exclude any spending related to veterans’ benefits; and include an estimate of the amounts of defense spending of the People’s Republic of China disaggregated by functional defense categories of spending, including— procurement from domestic and foreign sources; operations and maintenance; pay and benefits; military construction; and research, development, test, and evaluation. The independent study conducted under subsection
(a)shall include, in addition to the estimate under subsection (b), an estimate the magnitude of omitted spending from the official People’s Republic of China defense budget information. Not later than one year after the date of the enactment of this Act, the entity that conducts the study under subsection
(a)shall submit to the Secretary of Defense a report containing the findings of such study. The report under paragraph
(1)shall be submitted in unclassified form, but may include a classified annex. Not later than 30 days after the date on which the Secretary receives the report under subsection (d), the Secretary shall submit to the congressional defense committees such report (without change), together with any comments of the Secretary with respect to such report.
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