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Support for NATO Innovation Fund: Investing in New Defense Technologies.

This bill authorizes up to $200 million to be contributed to the NATO Innovation Fund over the next 10 years. The aim is to support the development of new technologies that can be used for both civilian and military purposes, strengthening security and innovation within the alliance. While not directly impacting citizens' daily finances, it indirectly contributes to national defense and technological capabilities.
Key points
Authorizes up to $200 million for the NATO Innovation Fund over 10 years.
Funds will support the development of advanced dual-use (civilian and military) technologies.
Aims to strengthen security and innovation within the NATO alliance.
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Additional Information
Print number: 118_HR_10185
Sponsor: Rep. Larsen, Rick [D-WA-2]
Process start date: 2024-11-20