Sec. 221. Authority to temporarily detail employees of the Office of Strategic Capital to certain private-sector organizations
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Using the authority provided under section 1599g of title 10, United States Code, the Secretary of Defense, acting through the Director of the Office of Strategic capital, may carry out a program under which the Director arranges for the temporary assignment of an employee of the Office to a qualifying private-sector organization. The objectives of the program under subsection
(a)shall be— to enable the Office of Strategic Capital and other organizations and elements of the Department of Defense to rapidly acquire industry-specific context and technical competence across high priority technology and industrial focus areas through immersion in highly relevant emerging technology and business ecosystems across the United States; and to enhance, among personnel of the Department— understanding of, connectivity with, and access to knowledge about critical and emerging defense industrial base capabilities; and understanding of the strategic role that venture capital and private equity operations have in shaping future sustainment and modernization requirements for the defense industrial base. In carrying out program under subsection (a), the Director of the Office of Strategic Capital shall— use an information technology system to optimize the identification, assessment, and placement of participants within the program, which shall include the use of such system to match private-sector organizations with employees of the Office participating in the program in a manner that aligns the priorities, needs, and expertise of such employees, organizations, and the Office; and establish a database or other capability that— enables the Office to identify and track current and former participants in the program; documents the nature of the experience such participants had while in the program; and is suitable for further development and expansion to other organizations of Department of Defense in the event the Secretary of Defense determines such expansion is appropriate. In this section, the term qualifying private-sector organization means a private-sector organization within the defense industrial base that has functions and expertise relevant to the responsibilities of the Office of Strategic Capital, which may include organization such as a venture capital firm, private equity firm, emerging technology company, or other such organizations as determined appropriated by the Director.