Sec. 911. Establishment of Office of Expanded Competition
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Chapter 903 of title 10, United States Code, is amended by adding at the end the following new section: There is in the Office of the Secretary of the Air Force an office to be known as the Office of Expanded Competition (in this section referred to as the Office ). The head of the Office shall be the Director, who shall be appointed by the Secretary of the Air Force from among employees of the Department of Defense in Senior Executive Service positions (as defined in section 3132 of title 5).
The Office shall, using authorities available to the Department of Defense before the date of the enactment of this section— conduct coordinated and integrated analysis of adversarial capital flows into industries or businesses of interest to the Department; identify and prioritize promising critical technologies and assets for the Department in need of capital assistance, including with foreign entities; fund investments in such technologies and assets, including supply chain technologies not always supported through direct investment; support coordination and outreach with technology scouting and acquisition elements of the Department to support the investment decision-making of those elements and consideration of how to counteract entities employing adversarial capital flows against industries or businesses described in paragraph (1), including the employment of relevant authorities vested in other components of the Department and the Federal Government; identify, accelerate, and sustain the establishment, research, development, construction, procurement, leasing, consolidation, alteration, improvement, modernization, and repair of tangible and intangible assets vital to the national security of the United States; help the Department provide capital assistance to entities, including foreign entities, engaged in investments that facilitate the efforts of the Secretary; experiment, prototype, test, or validate Government-developed or commercially developed analytical tools, processes, and tradecraft to improve the due diligence and investment analysis processes for the Department; and assist the Secretary of Defense in developing access and placement using commercial means.
In this section: The term adversarial capital flow means an investment by— the government of a country that is an adversary of the United States; or an entity organized under the laws of, or otherwise subject to the jurisdiction of, such a country. The term capital assistance means a loan, loan guarantee, or technical assistance. . The table of sections at the beginning of such chapter is amended by adding at the end the following new item: 9025. Office of Expanded Competition. .