Sec. 932. Enhancing Department of Defense coordination of geoeconomic affairs
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Not later than 180 days after the date of the enactment of this Act, the Secretary of Defense shall conduct a review of the planning, resourcing, and contributions of the Department of Defense to interagency efforts with respect to geoeconomic affairs. The review required under subsection
(a)shall include the following: A Department-wide assessment of capabilities to— assess geoeconomic competition between the United States and strategic competitors; identify methods to partner with governments and key commercial entities; and to support United States national interests. An assessment of any gaps in— existing departmental commercial due diligence and commercial partnership processes and procedures to enable sustainable cooperation with governmental and commercial entities within the United States and between the United States and trusted allies and partners for national defense purposes; efforts by the combatant commands to develop and to coordinate expertise on how strategic competitors may use economic and supply chain strategies within the areas of responsibility of the combatant commands; the contributions of the Department to the coordinated use of existing industrial base and supply chain tools, acquisition and budget authorities, industrial security oversight, technology transfer and export controls, cybersecurity standards and oversight, and mergers and acquisition reviews to enhance innovation and industrial cooperation and to protect the defense capabilities of the United States and its allies; and the contributions of the Department to existing measures to safeguard the intellectual property and knowledge created from United States Government and private sector research and development funding while encouraging, where appropriate, the sharing of such knowledge with trusted allies and partners. A plan to address, to the maximum extent practicable, the gaps assessed under paragraph (2). Not later than 180 days after the date of the enactment of this Act, the Secretary shall submit to the congressional defense committees a report containing— the findings of the review required under subsection (a); a list of gaps identified by the assessment required under subsection (b)(2); for each identified gap, a description of the gap and an assessment of any legal authorities, budgeting and execution processes, or other issues the Secretary deems necessary to address the gap; the plan required under subsection (b)(3); and any other information the Secretary considers appropriate. In this section, the term geoeconomics means the global interaction between competing national security and economic priorities comprising the various activities undertaken between governments, allies, competitors, producers, and consumers, including— how economics, technological innovation, and geography affect the distribution of capabilities in the international system; and how states use economic and technological instruments in pursuit of their strategic interests.