Sec. 927. Feasibility report on establishment of a Defense Industrial Revitalization Board
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Not later than 180 days after the date of the enactment of this Act, the Secretary of Defense shall submit to the Committees on Armed Services of the Senate and the House of Representatives a report on the feasibility and advisability of establishing a Defense Industrial Revitalization Board (in this section referred to as the Board ) that— would consist of the members described in subsection (b); would be responsible for ensuring the defense industrial base is prepared to meet Department of Defense wartime production needs by— assessing the health of the defense industrial base; identifying critical shortages and impediments to production of critical munitions and other war materials; identifying required production rates for critical munitions; and overseeing and deconflicting Department and service efforts to improve defense industrial capacity; would, in furtherance of such responsibilities— develop a comprehensive plan that details immediate steps that can be taken to increase the capacity of the defense industrial base; utilize existing supply chain mapping efforts to identify single points of failure that impact munitions and critical weapons platforms and identify funding mechanisms to create second sources or other resilience measures, with a focus on those munitions necessary for a potential war in the Pacific; utilize existing supply chain mapping efforts to identify reliance on foreign adversaries within critical munitions supply chains and recommend amelioration efforts; for critical munitions, establish a minimum procurement rate for purposes of ensuring adequate Department of Defense budgeting in each fiscal year and for directing budget proposals for the Department; and review critical munitions production capacity on a twice yearly basis and take remedial action to address any shortfalls; and would terminate five years after being established.
The Board considered for potential establishment in the report under subsection
(a)would include the following members: Relevant Department of Defense acquisition, research and engineering, and comptroller personnel. Service acquisition executives and program managers. Defense industry representatives. Relevant think tank experts. Representatives from the Under Secretary of Defense for Acquisition and Sustainment. Representatives from the Under Secretary of Defense for Research and Engineering. Representatives from the Defense Innovation Unit. In this section, the term defense industrial base means organizations, facilities, and resources that supply the Department of Defense with materials, products, and services for defense purposes.