Sec. 1092. Establishment of national security capital forum
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The Secretary of Defense shall establish a forum to— convene domestic and international institutional financiers, capital providers, investors, entrepreneurs, innovators, business persons, representatives from across the private sector, relevant United States Government offices, and government and private entities of partner nations; and allow the exchange of information between the entities referred to in paragraph
(1)and the Department of Defense relating to transactions or potential transactions, in accordance with applicable law, and to integrate efforts to achieve coordinated effects to support the national security interests of the United States. The Chair of the forum established under subsection
(a)shall be the Director of the Office of Strategic Capital. The Secretary may designate the Director as the sole Executive Agent with respect to the authorities and responsibilities of the Secretary of Defense under section 1047 of the National Defense Authorization Act for Fiscal Year 2023 ( Public Law 117–263 ; 10 U.S.C. 113 note). Not later than 180 days after the date of the enactment of this Act, the Secretary of Defense shall issue guidance on the establishment and operation of the forum established under subsection (a), including regarding the vetting and selection of participants. Such guidance shall include each of the following: A process for due diligence vetting of investment fund participants to exclude funds with significant investments to or from countries of concern. The development of selection criteria for the consideration of a diverse range of investment fund participants, including by fund size, company-size, socio-economic status, and participating investment sectors. Reporting responsibilities for participants to avoid or mitigate potential or perceived conflicts of interest. The development of a process for the recusal or removal of participants.
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