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US Defense Tech Investments: Support for Small Businesses

This act aims to accelerate the development of advanced technologies for national security by incentivizing private capital to invest in small and non-traditional American businesses. Citizens may indirectly benefit from enhanced national security and innovation, potentially leading to new job opportunities in the technology sector.
Key points
Establishes a pilot program, lasting at least five years, to support the development of defense technologies.
Encourages private companies to invest in small, American businesses developing critical technologies.
The government can provide loan guarantees for up to 80% of the raised capital, reducing investor risk.
The goal is to accelerate the deployment of new technologies into the U.S. Armed Forces and maintain technological superiority.
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Status:
Expired
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Additional Information
Print number: 117_S_4588
Sponsor: Sen. Rosen, Jacky [D-NV]
Process start date: 2022-07-21