Sec. 1092. ESTABLISHMENT OF NATIONAL SECURITY CAPITAL FORUM
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## SEC. 1092 ESTABLISHMENT OF NATIONAL SECURITY CAPITAL FORUM ###
(a)In General The Secretary of Defense shall establish a forum to— ####
(1)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; ####
(2)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; and #### (3)1 serve as a clearinghouse for vetting potential investments transactions, whether as a loan or as an equity transaction, by executive agencies (as defined in section 133 of title 41, United States Code). 1Pursuant to section 867(d)(2) of P.L. 119-60, subsections (a)(3) and
(e)of this section are repealed on December 31, 2035. ###
(b)Chair The Chair of the forum established under subsection
(a)shall be the Director of the Office of Strategic Capital. ###
(c)Designation of Executive Agent 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). ###
(d)Guidance 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: ####
(1)A process for due diligence vetting of investment fund participants to exclude funds with significant investments to or from countries of concern. ####
(2)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. ####
(3)Reporting responsibilities for participants to avoid or mitigate potential or perceived conflicts of interest. ####
(4)The development of a process for the recusal or removal of participants. ### (e)1 Inclusion of Certain Officials The Secretary of Defense shall include in the forum established under subsection
(a)the following: ####
(1)The Assistant Secretary of Defense for Industrial Base Policy. ####
(2)The individual serving as the Director of the Defense Logistics Agency and the head of the Office of General Counsel of the Department of Defense.
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