Sec. 849. Report on impact of mergers and acquisitions on the defense industrial base
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/bill/118/s/4638/rs/section-849·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is the policy of the United States that the defense industrial defense base, its resiliency, and its capacity are core interests of the Department of Defense and United States national security. Not later than March 15, 2025, the Assistant Secretary of Defense for Industrial Base Policy shall submit to the congressional defense committees a report on the policies and procedures of the Department of Defense relating to mergers and acquisitions and how these impact the defense industrial base. The report required under paragraph
(1)shall include— a review of how Department of Defense Directive 5000.62 has been updated to reflect the policy detailed in subsection (a), or an explanation of why it does not need to be updated to reflect that policy; a five-year roadmap detailing how the Department will enhance the resiliency and increase the capacity of the defense industrial base, especially with a view to increased consolidation in the defense and space sectors; a detailed list of resources required to holistically assess proposed mergers and acquisitions activity relative to the defense industrial base and initiate reviews of any such activity that would have a negative impact on the resiliency, capacity, or competition of the defense industrial base; and guidance and criteria for factors that determine when mergers and acquisitions activity will reach a threshold of risk to the resiliency and capacity of the defense industrial base and therefore merit a review.